Geode Capital Management LLC raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 849,546 shares of the technology company's stock after acquiring an additional 27,267 shares during the quarter. Geode Capital Management LLC owned about 0.77% of Check Point Software Technologies worth $158,035,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new position in Check Point Software Technologies during the fourth quarter valued at approximately $25,000. GAMMA Investing LLC raised its stake in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after buying an additional 60 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth approximately $35,000. Strategic Financial Concepts LLC bought a new position in shares of Check Point Software Technologies in the 4th quarter worth $35,000. Finally, Exchange Traded Concepts LLC increased its stake in Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 98.51% of the company's stock.
Analysts Set New Price Targets
CHKP has been the topic of several recent analyst reports. Compass Point set a $260.00 price objective on Check Point Software Technologies in a research note on Thursday, March 27th. Jefferies Financial Group raised their price target on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Piper Sandler raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $220.00 to $260.00 in a research report on Monday, March 3rd. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Finally, Scotiabank lifted their price objective on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the stock a "sector outperform" rating in a research report on Friday, January 31st. Fifteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $236.13.
View Our Latest Research Report on CHKP
Check Point Software Technologies Stock Up 1.8 %
Shares of NASDAQ CHKP traded up $3.93 during midday trading on Friday, reaching $217.71. The company had a trading volume of 938,492 shares, compared to its average volume of 763,309. The stock has a market cap of $23.94 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36. The firm's fifty day moving average price is $221.43 and its 200-day moving average price is $200.68.
About Check Point Software Technologies
(
Free Report)
Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.
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