Ilmarinen Mutual Pension Insurance Co Buys Shares of 14,172 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ilmarinen Mutual Pension Insurance Co bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,172 shares of the technology company's stock, valued at approximately $2,646,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CHKP. Nemes Rush Group LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $25,000. GAMMA Investing LLC boosted its position 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 valued at $32,000 after acquiring an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at $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 boosted its position in Check Point Software Technologies by 142.7% during the fourth 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.

Analyst Ratings Changes

CHKP has been the topic of a number of recent analyst reports. 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 report on Thursday, February 27th. Stifel Nicolaus increased their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the company a "hold" rating in a report on Friday, January 31st. BMO Capital Markets upgraded Check Point Software Technologies from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $245.00 to $275.00 in a research note on Friday, March 28th. Wells Fargo & Company upgraded Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $200.00 to $280.00 in a research note on Friday, March 14th. Finally, Stephens started coverage on shares of Check Point Software Technologies in a report on Tuesday, April 1st. They set an "equal weight" rating and a $255.00 price objective on the stock. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $236.13.

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Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP traded up $3.74 during midday trading on Friday, reaching $217.52. 426,116 shares of the company's stock traded hands, compared to its average volume of 760,780. The company has a market cap of $23.92 billion, a P/E ratio of 29.18, a PEG ratio of 3.41 and a beta of 0.62. The company has a fifty day simple moving average of $221.32 and a two-hundred day simple moving average of $200.52. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36.

Check Point Software Technologies 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.