Hickory Asset Management Inc. Buys New Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Hickory Asset Management Inc. purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,547 shares of the technology company's stock, valued at approximately $476,000.

Other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Check Point Software Technologies by 73.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company's stock valued at $211,105,000 after purchasing an additional 464,821 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Check Point Software Technologies in the 3rd quarter valued at approximately $51,922,000. FMR LLC grew its holdings in Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock valued at $218,488,000 after buying an additional 252,581 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in Check Point Software Technologies by 10.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company's stock worth $354,153,000 after buying an additional 177,104 shares in the last quarter. Finally, Boston Trust Walden Corp raised its holdings in shares of Check Point Software Technologies by 26.9% in the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company's stock worth $90,976,000 after acquiring an additional 103,388 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHKP. Bank of America downgraded shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and cut their target price for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Barclays raised their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price target on shares of Check Point Software Technologies in a report on Monday, January 27th. Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Finally, Evercore ISI upped their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Nineteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $215.59.

Check Point Software Technologies Trading Up 1.1 %

NASDAQ:CHKP traded up $2.46 during midday trading on Wednesday, hitting $222.92. 1,196,684 shares of the stock were exchanged, compared to its average volume of 910,053. The business has a 50-day moving average price of $196.37 and a two-hundred day moving average price of $191.24. The company has a market capitalization of $24.52 billion, a price-to-earnings ratio of 29.84, a P/E/G ratio of 3.46 and a beta of 0.65. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $226.02.

About Check Point Software Technologies

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.