Swedbank AB grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 1.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 428,042 shares of the technology company's stock after buying an additional 4,760 shares during the period. Swedbank AB owned approximately 0.39% of Check Point Software Technologies worth $79,915,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Check Point Software Technologies by 73.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company's stock worth $211,105,000 after purchasing an additional 464,821 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at about $51,922,000. FMR LLC increased its position in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock valued at $218,488,000 after buying an additional 252,581 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Check Point Software Technologies by 10.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company's stock worth $354,153,000 after buying an additional 177,104 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Check Point Software Technologies by 134.2% in the third quarter. Assenagon Asset Management S.A. now owns 130,934 shares of the technology company's stock worth $25,245,000 after acquiring an additional 75,031 shares in the last quarter. Institutional investors own 98.51% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on CHKP shares. Morgan Stanley upped their target price on Check Point Software Technologies from $183.00 to $200.00 and gave the stock an "equal weight" rating in a research report on Friday. Royal Bank of Canada upped their price objective on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the stock a "sector perform" rating in a report on Friday. Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a report on Friday. BMO Capital Markets upped their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. Finally, Piper Sandler lifted their price target on Check Point Software Technologies from $185.00 to $195.00 and gave the company a "neutral" rating in a research note on Monday, January 6th. Nineteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $215.27.
View Our Latest Analysis on CHKP
Check Point Software Technologies Trading Down 0.4 %
Shares of CHKP stock traded down $0.97 during trading hours on Friday, hitting $218.02. 1,177,570 shares of the company were exchanged, compared to its average volume of 669,320. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The firm has a fifty day simple moving average of $188.67 and a 200 day simple moving average of $187.85. The stock has a market capitalization of $23.98 billion, a price-to-earnings ratio of 29.78, a P/E/G ratio of 3.19 and a beta of 0.63.
Check Point Software Technologies 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.
Further Reading
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