Orion Portfolio Solutions LLC boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 47.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,150 shares of the technology company's stock after purchasing an additional 7,822 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Check Point Software Technologies were worth $4,509,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC grew its holdings in shares of Check Point Software Technologies by 34.2% during the 3rd quarter. Cerity Partners LLC now owns 5,304 shares of the technology company's stock worth $1,023,000 after purchasing an additional 1,353 shares during the period. Fisher Asset Management LLC grew its stake in Check Point Software Technologies by 143.0% during the third quarter. Fisher Asset Management LLC now owns 3,329 shares of the technology company's stock worth $642,000 after buying an additional 1,959 shares during the period. Bank of Montreal Can increased its position in shares of Check Point Software Technologies by 32.2% in the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company's stock worth $16,532,000 after acquiring an additional 20,866 shares in the last quarter. FMR LLC lifted its holdings in shares of Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock valued at $218,488,000 after acquiring an additional 252,581 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in Check Point Software Technologies by 4.4% during the 3rd quarter. D.A. Davidson & CO. now owns 2,625 shares of the technology company's stock worth $506,000 after purchasing an additional 111 shares during the period. Institutional investors and hedge funds own 98.51% of the company's stock.
Check Point Software Technologies Price Performance
Shares of NASDAQ CHKP traded down $8.50 during mid-day trading on Friday, hitting $215.52. The company had a trading volume of 1,263,663 shares, compared to its average volume of 744,356. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $234.36. The stock has a market cap of $23.70 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 3.41 and a beta of 0.62. The firm's 50 day simple moving average is $220.78 and its two-hundred day simple moving average is $199.64.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Royal Bank of Canada restated 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. Piper Sandler upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Stephens assumed coverage on shares of Check Point Software Technologies in a research report on Tuesday. They issued an "equal weight" rating and a $255.00 price objective for the company. The Goldman Sachs Group cut shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Finally, Truist Financial reaffirmed a "buy" rating and set a $250.00 price target (up from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Sixteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of "Moderate Buy" and an average target price of $236.13.
Read Our Latest Stock Analysis on CHKP
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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