Raymond James Financial Inc. Invests $38.56 Million in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Raymond James Financial Inc. acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 206,524 shares of the technology company's stock, valued at approximately $38,558,000. Raymond James Financial Inc. owned approximately 0.19% of Check Point Software Technologies at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Apollon Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth about $334,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Check Point Software Technologies by 0.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 196,273 shares of the technology company's stock worth $37,843,000 after acquiring an additional 531 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in Check Point Software Technologies by 1.4% during the third quarter. Ashton Thomas Private Wealth LLC now owns 6,443 shares of the technology company's stock valued at $1,242,000 after purchasing an additional 92 shares in the last quarter. Simmons Bank boosted its position in shares of Check Point Software Technologies by 5.2% in the third quarter. Simmons Bank now owns 30,395 shares of the technology company's stock worth $5,860,000 after purchasing an additional 1,500 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Check Point Software Technologies in the third quarter worth $774,000. 98.51% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several analysts recently issued reports on CHKP shares. Jefferies Financial Group increased their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $221.00 to $255.00 in a research report on Wednesday, February 26th. UBS Group upped their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. StockNews.com lowered shares of Check Point Software Technologies from a "buy" rating to a "hold" rating in a report on Thursday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Eighteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $224.86.

Check Point Software Technologies Price Performance

Shares of CHKP traded down $3.09 during midday trading on Thursday, reaching $214.90. 1,341,857 shares of the stock were exchanged, compared to its average volume of 1,000,768. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $230.65. The business's 50-day moving average price is $206.90 and its 200 day moving average price is $195.36. The company has a market capitalization of $23.64 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 3.41 and a beta of 0.62.

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.