KLP Kapitalforvaltning AS acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 122,900 shares of the technology company's stock, valued at approximately $22,945,000. KLP Kapitalforvaltning AS owned 0.11% of Check Point Software Technologies as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. Gitterman Wealth Management LLC lifted its position in shares of Check Point Software Technologies by 3.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock worth $286,000 after buying an additional 48 shares during the last quarter. Argonautica Private Wealth Management Inc. boosted its stake in shares of Check Point Software Technologies by 0.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company's stock valued at $1,121,000 after purchasing an additional 56 shares in the last quarter. Regatta Capital Group LLC grew its holdings in shares of Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company's stock valued at $229,000 after purchasing an additional 57 shares during the last quarter. Kingsview Wealth Management LLC increased its position in Check Point Software Technologies by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock worth $353,000 after purchasing an additional 57 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake 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 purchasing an additional 60 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
CHKP has been the subject of several research analyst reports. Mizuho upped their price target on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Barclays boosted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Susquehanna raised their price objective on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a "positive" rating in a report on Friday, January 31st. Arete Research upgraded shares of Check Point Software Technologies to a "hold" rating in a research report on Monday, February 24th. Finally, The Goldman Sachs Group cut shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and upped their price target for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. Seventeen research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $229.86.
Get Our Latest Report on CHKP
Check Point Software Technologies Price Performance
Shares of Check Point Software Technologies stock traded up $2.53 on Tuesday, reaching $230.58. 503,251 shares of the company traded hands, compared to its average volume of 982,488. The company has a 50 day moving average of $214.04 and a 200 day moving average of $197.46. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $232.37. The firm has a market capitalization of $25.36 billion, a PE ratio of 30.87, a PEG ratio of 3.41 and a beta of 0.62.
Check Point Software Technologies Company Profile
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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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