Huntington National Bank Acquires 4,311 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Huntington National Bank grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 71.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,373 shares of the technology company's stock after purchasing an additional 4,311 shares during the period. Huntington National Bank's holdings in Check Point Software Technologies were worth $1,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nemes Rush Group LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth $25,000. GAMMA Investing LLC lifted its holdings in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. Golden State Wealth Management LLC bought a new position in shares of Check Point Software Technologies during the 4th quarter valued at about $35,000. Strategic Financial Concepts LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock worth $44,000 after purchasing an additional 137 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Scotiabank upped their price target on Check Point Software Technologies from $215.00 to $250.00 and gave the company a "sector outperform" rating in a report on Friday, January 31st. Susquehanna increased their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the company a "positive" rating in a research report on Friday, January 31st. Wells Fargo & Company upgraded Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $200.00 to $280.00 in a report on Friday, March 14th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 target price on shares of Check Point Software Technologies in a report on Thursday, February 27th. Finally, Guggenheim restated a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $236.13.

Check Point Software Technologies Stock Performance

Shares of CHKP traded up $11.21 during trading hours on Wednesday, hitting $219.41. 1,568,239 shares of the company were exchanged, compared to its average volume of 759,518. The firm's 50 day moving average is $221.32 and its 200-day moving average is $200.39. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $234.36. The company has a market cap of $24.13 billion, a PE ratio of 29.37, a PEG ratio of 3.41 and a beta of 0.62.

Check Point Software Technologies Company Profile

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.