Pictet Asset Management Holding SA Buys 206,294 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Pictet Asset Management Holding SA raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 148.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 345,173 shares of the technology company's stock after purchasing an additional 206,294 shares during the period. Pictet Asset Management Holding SA owned 0.31% of Check Point Software Technologies worth $64,444,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the third quarter worth about $27,000. GAMMA Investing LLC lifted its stake in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Check Point Software Technologies in the 4th quarter worth approximately $35,000. Exchange Traded Concepts LLC boosted its holdings in Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after purchasing an additional 137 shares during the period. Finally, Iron Horse Wealth Management LLC grew its position in shares of Check Point Software Technologies by 370.6% during the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company's stock valued at $45,000 after purchasing an additional 189 shares in the last quarter. Institutional investors own 98.51% of the company's stock.

Remove Ads

Analyst Ratings Changes

A number of brokerages have weighed in on CHKP. Truist Financial restated a "buy" rating and issued a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their target price for the company from $221.00 to $255.00 in a research note on Wednesday, February 26th. Mizuho boosted their price target on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Stephens assumed coverage on shares of Check Point Software Technologies in a research report on Tuesday. They set an "equal weight" rating and a $255.00 price objective on the stock. Finally, Guggenheim reiterated a "neutral" rating on shares of Check Point Software Technologies in a research 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $236.13.

Check Point Software Technologies Stock Down 1.3 %

Shares of Check Point Software Technologies stock traded down $3.07 on Thursday, reaching $224.94. The company's stock had a trading volume of 427,099 shares, compared to its average volume of 736,736. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $234.36. The firm's fifty day simple moving average is $219.81 and its two-hundred day simple moving average is $199.31. The company has a market capitalization of $24.74 billion, a price-to-earnings ratio of 30.11, a P/E/G ratio of 3.41 and a beta of 0.62.

Check Point Software Technologies 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.