MML Investors Services LLC Boosts Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

MML Investors Services LLC boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 8.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 112,106 shares of the technology company's stock after buying an additional 8,599 shares during the period. MML Investors Services LLC owned 0.10% of Check Point Software Technologies worth $20,930,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Nemes Rush Group LLC purchased a new position in Check Point Software Technologies during the fourth quarter valued at $25,000. GAMMA Investing LLC grew its position in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $35,000. Strategic Financial Concepts LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $35,000. Finally, Exchange Traded Concepts LLC boosted its stake in Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after buying an additional 137 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CHKP. Stephens decreased their price objective on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating on the stock in a report on Thursday. Stifel Nicolaus lifted their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Scotiabank decreased their target price on shares of Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating on the stock in a research report on Thursday. Robert W. Baird upgraded Check Point Software Technologies from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $235.00 to $255.00 in a research report on Thursday, February 27th. Finally, Piper Sandler upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $220.00 to $260.00 in a research report on Monday, March 3rd. Eighteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $233.04.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock traded up $4.62 during midday trading on Thursday, hitting $208.88. 1,306,519 shares of the company's stock were exchanged, compared to its average volume of 778,870. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $234.36. The company has a market cap of $22.97 billion, a PE ratio of 27.96, a P/E/G ratio of 3.41 and a beta of 0.62. The firm has a 50-day moving average of $220.73 and a two-hundred day moving average of $201.95.

Check Point Software Technologies Company 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.