New Age Alpha Advisors LLC purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,264 shares of the technology company's stock, valued at approximately $236,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new position in shares of Check Point Software Technologies during the 4th quarter valued at about $428,820,000. Blair William & Co. IL raised its position in Check Point Software Technologies by 1.3% during the fourth quarter. Blair William & Co. IL now owns 18,855 shares of the technology company's stock valued at $3,520,000 after acquiring an additional 237 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Check Point Software Technologies by 2.3% in the fourth quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 27,726 shares of the technology company's stock valued at $5,176,000 after acquiring an additional 612 shares during the period. Loomis Sayles & Co. L P boosted its position in Check Point Software Technologies by 4.2% in the 4th quarter. Loomis Sayles & Co. L P now owns 64,344 shares of the technology company's stock worth $12,013,000 after purchasing an additional 2,610 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Check Point Software Technologies by 23.8% during the 4th quarter. JPMorgan Chase & Co. now owns 186,177 shares of the technology company's stock worth $34,759,000 after purchasing an additional 35,766 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.
Check Point Software Technologies Stock Performance
Shares of CHKP traded down $1.76 during midday trading on Monday, hitting $213.76. The company had a trading volume of 1,864,556 shares, compared to its average volume of 749,917. The company's 50-day simple moving average is $221.10 and its 200-day simple moving average is $199.93. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36. The firm has a market capitalization of $23.51 billion, a P/E ratio of 28.62, a P/E/G ratio of 3.41 and a beta of 0.62.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Citigroup increased 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 report on Friday, January 17th. Royal Bank of Canada reiterated a "sector perform" rating and set a $215.00 price target on shares of Check Point Software Technologies in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $221.00 to $255.00 in a report on Wednesday, February 26th. Truist Financial reaffirmed a "buy" rating and set a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Finally, Barclays lifted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $236.13.
Check Out Our Latest Research Report on CHKP
About Check Point Software Technologies
(
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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