By otakuyassine3@gmail.com 
McHugh Group LLC purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,290 shares of the technology company’s stock, valued at approximately $241,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after purchasing an additional 177,104 shares during the last quarter. FMR LLC raised its stake 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 acquiring an additional 252,581 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Check Point Software Technologies by 73.8% in the 3rd 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 last quarter. Boston Trust Walden Corp boosted its position in Check Point Software Technologies by 26.9% during the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after purchasing an additional 103,388 shares during the period. Finally, Swedbank AB grew its holdings in Check Point Software Technologies by 1.1% during the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock valued at $79,915,000 after purchasing an additional 4,760 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.
Check Point Software Technologies Stock Performance
Check Point Software Technologies stock opened at $216.99 on Thursday. The business’s fifty day moving average is $189.90 and its two-hundred day moving average is $188.55. The firm has a market cap of $23.86 billion, a P/E ratio of 29.05, a P/E/G ratio of 3.41 and a beta of 0.65. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.02.
Analysts Set New Price Targets
Several research firms recently issued reports on CHKP. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Scotiabank lifted their price target on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Evercore ISI increased their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Truist Financial reaffirmed a “buy” rating and set a $250.00 target price (up previously from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Nineteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $215.59.
Check Out Our Latest Stock Report on Check Point Software Technologies
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.
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