KCM Investment Advisors LLC Purchases Shares of 1,190 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

KCM Investment Advisors LLC purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,190 shares of the technology company's stock, valued at approximately $222,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN raised its stake in shares of Check Point Software Technologies by 22.3% in the fourth quarter. Wells Fargo & Company MN now owns 127,262 shares of the technology company's stock worth $23,760,000 after acquiring an additional 23,243 shares during the last quarter. Foundry Partners LLC raised its position in Check Point Software Technologies by 12.5% in the 4th quarter. Foundry Partners LLC now owns 3,538 shares of the technology company's stock worth $661,000 after purchasing an additional 394 shares during the last quarter. World Investment Advisors lifted its holdings in Check Point Software Technologies by 4.4% during the 4th quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock worth $5,609,000 after buying an additional 1,278 shares in the last quarter. Huntington National Bank boosted its position in Check Point Software Technologies by 71.1% in the 4th quarter. Huntington National Bank now owns 10,373 shares of the technology company's stock valued at $1,937,000 after buying an additional 4,311 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Check Point Software Technologies by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 849,546 shares of the technology company's stock valued at $158,035,000 after buying an additional 27,267 shares during the period. Institutional investors and hedge funds own 98.51% of the company's stock.

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Check Point Software Technologies Price Performance

Shares of CHKP traded up $2.40 during mid-day trading on Friday, hitting $216.18. 375,470 shares of the company's stock were exchanged, compared to its average volume of 760,544. The company has a 50-day simple moving average of $221.32 and a 200 day simple moving average of $200.52. The company has a market cap of $23.78 billion, a PE ratio of 28.93, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $234.36.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Citigroup upped their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Piper Sandler raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their target price for the company from $220.00 to $260.00 in a research note on Monday, March 3rd. Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Jefferies Financial Group increased their price objective 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. Finally, Baird R W raised shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Fifteen 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's stock. Based on data from MarketBeat, Check Point Software Technologies presently has an average rating of "Moderate Buy" and an average target price of $236.13.

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.