Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by LPL Financial LLC

LPL Financial LLC grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 14.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 165,243 shares of the technology company's stock after buying an additional 20,676 shares during the quarter. LPL Financial LLC owned 0.15% of Check Point Software Technologies worth $30,851,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC boosted its stake in Check Point Software Technologies by 34.2% in the third quarter. Cerity Partners LLC now owns 5,304 shares of the technology company's stock valued at $1,023,000 after acquiring an additional 1,353 shares in the last quarter. Fisher Asset Management LLC increased its position in Check Point Software Technologies by 143.0% during the 3rd quarter. Fisher Asset Management LLC now owns 3,329 shares of the technology company's stock worth $642,000 after purchasing an additional 1,959 shares during the period. Independent Advisor Alliance purchased a new position in Check Point Software Technologies in the third quarter worth $203,000. Bank of Montreal Can increased its holdings in shares of Check Point Software Technologies by 32.2% in the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company's stock valued at $16,532,000 after purchasing an additional 20,866 shares in the last quarter. Finally, FMR LLC increased its holdings in Check Point Software Technologies by 28.7% in the third quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock valued at $218,488,000 after buying an additional 252,581 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Remove Ads

Check Point Software Technologies Trading Down 1.7 %

NASDAQ CHKP traded down $3.99 during mid-day trading on Thursday, reaching $224.02. 1,395,189 shares of the company's stock traded hands, compared to its average volume of 741,430. The company has a fifty day simple moving average of $220.36 and a 200-day simple moving average of $199.48. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.36. The company has a market cap of $24.64 billion, a price-to-earnings ratio of 29.99, a P/E/G ratio of 3.41 and a beta of 0.62.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CHKP shares. Piper Sandler raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their target price for the company from $220.00 to $260.00 in a report on Monday, March 3rd. JPMorgan Chase & Co. raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $221.00 to $255.00 in a research note on Wednesday, February 26th. Citigroup raised their price target on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Finally, Wells Fargo & Company raised Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $200.00 to $280.00 in a research note on Friday, March 14th. Sixteen analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.