Vestmark Advisory Solutions Inc. Raises Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Vestmark Advisory Solutions Inc. grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 99.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,973 shares of the technology company's stock after buying an additional 2,478 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Check Point Software Technologies were worth $928,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Argonautica Private Wealth Management Inc. raised its stake in Check Point Software Technologies by 0.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company's stock valued at $1,121,000 after buying an additional 56 shares during the last quarter. Regatta Capital Group LLC boosted its stake in Check Point Software Technologies by 4.9% in the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company's stock worth $229,000 after purchasing an additional 57 shares in the last quarter. Kingsview Wealth Management LLC grew its position in Check Point Software Technologies by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock valued at $353,000 after purchasing an additional 57 shares during the last quarter. GAMMA Investing LLC increased its stake in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Finally, Strategic Investment Advisors MI increased its stake in Check Point Software Technologies by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company's stock valued at $423,000 after purchasing an additional 60 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CHKP shares. BMO Capital Markets increased their price target on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. Piper Sandler upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and increased their target price for the company from $220.00 to $260.00 in a research note on Monday, March 3rd. Truist Financial restated a "buy" rating and issued a $250.00 price target (up previously from $220.00) on shares of Check Point Software Technologies 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. Finally, Baird R W raised Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Seventeen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies has an average rating of "Hold" and a consensus target price of $224.86.

Check Point Software Technologies Trading Down 1.3 %

Shares of CHKP traded down $2.88 during trading hours on Tuesday, reaching $222.39. 930,576 shares of the stock traded hands, compared to its average volume of 987,936. The company has a market cap of $24.46 billion, a P/E ratio of 29.77, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The company's 50-day moving average price is $205.56 and its two-hundred day moving average price is $194.97. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $230.65.

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.