Wells Fargo & Company MN Acquires 23,243 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Wells Fargo & Company MN raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 22.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,262 shares of the technology company's stock after purchasing an additional 23,243 shares during the period. Wells Fargo & Company MN owned about 0.12% of Check Point Software Technologies worth $23,760,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CHKP. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies during the fourth quarter worth approximately $25,000. GAMMA Investing LLC increased its stake in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after buying an additional 60 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter worth about $35,000. Strategic Financial Concepts LLC bought a new position in Check Point Software Technologies during the fourth quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC increased its stake 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 worth $44,000 after purchasing an additional 137 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock traded up $0.02 during trading hours on Friday, hitting $214.96. 824,648 shares of the company's stock traded hands, compared to its average volume of 767,065. The stock has a market capitalization of $23.64 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36. The company has a fifty day simple moving average of $221.79 and a 200-day simple moving average of $201.32.

Analyst Ratings Changes

CHKP has been the subject of a number of recent analyst reports. Piper Sandler upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their price target for the company from $220.00 to $260.00 in a report on Monday, March 3rd. Citigroup boosted their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Bank of America upgraded Check Point Software Technologies from a "neutral" rating to a "buy" rating and upped their price target for the company from $230.00 to $260.00 in a research report on Thursday, March 27th. UBS Group lifted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $215.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $235.50.

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.