JPMorgan Chase & Co. Grows Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

JPMorgan Chase & Co. raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 23.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,177 shares of the technology company's stock after acquiring an additional 35,766 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.17% of Check Point Software Technologies worth $34,759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHKP. GAMMA Investing LLC grew its stake in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Check Point Software Technologies in the 4th quarter worth approximately $35,000. Strategic Financial Concepts LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $35,000. Exchange Traded Concepts LLC increased its stake in shares of 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 buying an additional 137 shares during the period. Finally, Iron Horse Wealth Management LLC raised its holdings in shares of Check Point Software Technologies by 370.6% during the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company's stock valued at $45,000 after acquiring an additional 189 shares in the last quarter. 98.51% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

CHKP has been the topic of a number of research analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Stifel Nicolaus increased their price target on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $221.00 to $255.00 in a research report on Wednesday, February 26th. Piper Sandler upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Finally, Compass Point set a $260.00 target price on Check Point Software Technologies in a research note on Thursday, March 27th. Fifteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of "Moderate Buy" and an average price target of $236.13.

Check Point Software Technologies Trading Up 1.8 %

NASDAQ:CHKP traded up $3.93 during mid-day trading on Friday, reaching $217.71. The company's stock had a trading volume of 938,492 shares, compared to its average volume of 763,309. The firm's fifty day moving average price is $221.43 and its two-hundred day moving average price is $200.68. The stock has a market cap of $23.94 billion, a P/E ratio of 29.14, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36.

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.