Marshall Wace LLP increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 129.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 112,286 shares of the technology company's stock after buying an additional 63,417 shares during the period. Marshall Wace LLP owned 0.10% of Check Point Software Technologies worth $20,964,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Gitterman Wealth Management LLC grew its stake in shares of Check Point Software Technologies by 3.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock worth $286,000 after acquiring an additional 48 shares during the last quarter. Argonautica Private Wealth Management Inc. grew its position in Check Point Software Technologies by 0.9% during 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 during the last quarter. Regatta Capital Group LLC increased its stake in 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 in the last quarter. Kingsview Wealth Management LLC raised its holdings in Check Point Software Technologies by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock worth $353,000 after buying an additional 57 shares during the last quarter. Finally, GAMMA Investing LLC lifted 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 buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.
Check Point Software Technologies Stock Down 3.8 %
NASDAQ:CHKP traded down $8.05 on Wednesday, reaching $204.26. 2,491,317 shares of the company's stock traded hands, compared to its average volume of 778,465. The stock has a 50-day simple moving average of $221.35 and a 200-day simple moving average of $201.82. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $234.36. The firm has a market cap of $22.47 billion, a PE ratio of 27.34, a P/E/G ratio of 3.41 and a beta of 0.62.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on CHKP shares. Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Barclays upped their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Jefferies Financial Group boosted their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Mizuho raised their price target on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Finally, Citigroup lifted 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. Sixteen analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $234.68.
View Our Latest Report on Check Point Software Technologies
Check Point Software Technologies Company Profile
(
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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