Townsquare Capital LLC Grows Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Townsquare Capital LLC boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 47.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,711 shares of the technology company's stock after acquiring an additional 6,633 shares during the period. Townsquare Capital LLC's holdings in Check Point Software Technologies were worth $3,867,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CHKP. Crux Wealth Advisors bought a new position in Check Point Software Technologies in the 4th quarter worth $542,000. Sterling Capital Management LLC grew its holdings in Check Point Software Technologies by 4.4% during the 4th quarter. Sterling Capital Management LLC now owns 6,610 shares of the technology company's stock valued at $1,234,000 after purchasing an additional 281 shares during the last quarter. Argent Trust Co boosted its holdings in Check Point Software Technologies by 14.4% during the 4th quarter. Argent Trust Co now owns 12,067 shares of the technology company's stock valued at $2,253,000 after acquiring an additional 1,519 shares during the period. Raymond James Financial Inc. bought a new position in shares of Check Point Software Technologies in the fourth quarter worth about $38,558,000. Finally, Azimuth Capital Investment Management LLC increased its position in shares of Check Point Software Technologies by 0.4% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 23,604 shares of the technology company's stock worth $4,407,000 after acquiring an additional 87 shares during the period. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Up 0.0 %

Check Point Software Technologies stock traded up $0.02 during mid-day trading on Friday, reaching $214.96. 824,648 shares of the company's stock were exchanged, compared to its average volume of 767,065. The firm has a market capitalization of $23.64 billion, a PE ratio of 28.78, a P/E/G ratio of 3.41 and a beta of 0.62. The business's fifty day simple moving average is $221.79 and its 200 day simple moving average is $201.32. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CHKP shares. Stifel Nicolaus upped their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Bank of America raised Check Point Software Technologies from a "neutral" rating to a "buy" rating and increased their target price for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Finally, Baird R W upgraded shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $235.50.

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.