J. Safra Sarasin Holding AG raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 297.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,160 shares of the technology company's stock after acquiring an additional 50,256 shares during the period. J. Safra Sarasin Holding AG owned approximately 0.06% of Check Point Software Technologies worth $12,539,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Barclays PLC raised its position in Check Point Software Technologies by 6.0% in the third quarter. Barclays PLC now owns 80,432 shares of the technology company's stock valued at $15,507,000 after purchasing an additional 4,522 shares during the period. Anchor Investment Management LLC grew its holdings in shares of Check Point Software Technologies by 8.2% in the third quarter. Anchor Investment Management LLC now owns 5,985 shares of the technology company's stock valued at $1,154,000 after purchasing an additional 455 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $5,546,000. Wilmington Savings Fund Society FSB purchased a new position in Check Point Software Technologies in the third quarter valued at $187,000. Finally, Tidal Investments LLC increased its holdings in Check Point Software Technologies by 3.1% during the 3rd quarter. Tidal Investments LLC now owns 40,686 shares of the technology company's stock worth $7,845,000 after purchasing an additional 1,224 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.
Check Point Software Technologies Stock Performance
CHKP stock traded down $2.33 during midday trading on Friday, hitting $206.55. 715,082 shares of the company's stock were exchanged, compared to its average volume of 775,531. The stock's fifty day moving average price is $220.45 and its 200-day moving average price is $202.01. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36. The company has a market cap of $22.72 billion, a PE ratio of 27.65, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.
Analysts Set New Price Targets
CHKP has been the topic of a number of analyst reports. Bank of America upgraded shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and raised their price objective for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Wells Fargo & Company reduced their target price on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating for the company in a report on Thursday. Stifel Nicolaus upped their price target on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Robert W. Baird upgraded Check Point Software Technologies from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Finally, Morgan Stanley dropped their price target on shares of Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Eighteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $232.04.
Read Our Latest Stock Analysis on Check Point Software Technologies
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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