Metis Global Partners LLC Takes $282,000 Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Metis Global Partners LLC purchased 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 filing with the SEC. The institutional investor purchased 1,511 shares of the technology company's stock, valued at approximately $282,000.

Several other large investors also recently made changes to their positions in the stock. FMR LLC grew its position in shares of 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 purchasing an additional 252,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company's stock valued at $211,105,000 after buying an additional 464,821 shares during the last quarter. Boston Trust Walden Corp grew its holdings in Check Point Software Technologies by 26.9% in the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company's stock valued at $90,976,000 after buying an additional 103,388 shares during the last quarter. Swedbank AB increased its position in Check Point Software Technologies by 1.1% in the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company's stock worth $79,915,000 after buying an additional 4,760 shares during the period. Finally, World Investment Advisors LLC acquired a new position in shares of Check Point Software Technologies during the third quarter worth approximately $51,922,000. Institutional investors own 98.51% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

CHKP has been the subject of several research analyst reports. The Goldman Sachs Group cut shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and upped their target price for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Scotiabank upped their price objective on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a "sector outperform" rating in a research report on Friday, January 31st. Citigroup lifted their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their price target for the company from $221.00 to $255.00 in a report on Wednesday, February 26th. Finally, Guggenheim reiterated a "neutral" rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Seventeen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Check Point Software Technologies currently has a consensus rating of "Hold" and a consensus target price of $224.86.

Check Point Software Technologies Stock Down 2.1 %

CHKP traded down $4.93 during trading on Monday, hitting $225.27. The company's stock had a trading volume of 2,433,792 shares, compared to its average volume of 989,167. The stock has a market capitalization of $24.78 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The firm's 50 day moving average price is $204.80 and its two-hundred day moving average price is $194.73. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $230.65.

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.