Teacher Retirement System of Texas Purchases 13,843 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Teacher Retirement System of Texas boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,696 shares of the technology company's stock after purchasing an additional 13,843 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of Check Point Software Technologies worth $18,427,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. FMR LLC boosted its holdings in shares of 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Check Point Software Technologies by 73.8% during 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 valued at $211,105,000 after acquiring an additional 464,821 shares during the period. Boston Trust Walden Corp raised its stake in Check Point Software Technologies by 26.9% during the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company's stock valued at $90,976,000 after purchasing an additional 103,388 shares during the period. Swedbank AB lifted its stake in Check Point Software Technologies by 1.1% in the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company's stock worth $79,915,000 after acquiring an additional 4,760 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the third quarter worth approximately $51,922,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

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Check Point Software Technologies Price Performance

Check Point Software Technologies stock traded down $2.71 during trading hours on Wednesday, reaching $227.87. The company had a trading volume of 527,142 shares, compared to its average volume of 710,209. The firm has a market cap of $25.06 billion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 3.41 and a beta of 0.62. The company has a 50-day moving average price of $214.99 and a 200 day moving average price of $197.76. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $232.37.

Wall Street Analyst Weigh In

CHKP has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Barclays increased their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 price target on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Citigroup raised their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Finally, Morgan Stanley started coverage on Check Point Software Technologies in a research note on Tuesday, March 18th. They issued an "equal weight" rating and a $235.00 target price for the company. Seventeen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies presently has a consensus rating of "Hold" and a consensus price target of $229.86.

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.