Sei Investments Co. Has $94.28 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Sei Investments Co. boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 504,977 shares of the technology company's stock after acquiring an additional 28,763 shares during the quarter. Sei Investments Co. owned 0.46% of Check Point Software Technologies worth $94,279,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CHKP. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter worth approximately $27,000. GAMMA Investing LLC lifted its position in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares during the period. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies during the 4th quarter valued at $35,000. Strategic Financial Concepts LLC bought a new position in Check Point Software Technologies during the 4th quarter valued at $35,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Check Point Software Technologies by 142.7% during 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. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Up 1.1 %

Shares of NASDAQ:CHKP traded up $2.41 during trading on Tuesday, reaching $230.46. 390,753 shares of the company traded hands, compared to its average volume of 711,063. The firm has a fifty day simple moving average of $214.04 and a 200 day simple moving average of $197.46. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $232.37. The firm has a market cap of $25.35 billion, a P/E ratio of 30.85, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

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Analyst Upgrades and Downgrades

CHKP has been the subject of several research reports. Barclays raised their target price on 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. UBS Group raised their price objective on shares of 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. Mizuho boosted their target price on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Piper Sandler upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Finally, Scotiabank upped their price target on Check Point Software Technologies from $215.00 to $250.00 and gave the company a "sector outperform" rating in a report on Friday, January 31st. Seventeen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies has an average rating of "Hold" and an average price target of $229.86.

About Check Point Software Technologies

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.