4,287 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Bought by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,287 shares of the technology company’s stock, valued at approximately $800,000.

Several other institutional investors have also recently made changes to their positions in CHKP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 acquiring an additional 464,821 shares during the last quarter. World Investment Advisors LLC bought a new stake in Check Point Software Technologies in the third quarter worth $51,922,000. FMR LLC lifted its position in Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after purchasing an additional 252,581 shares during the last quarter. Robeco Institutional Asset Management B.V. grew 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 worth $354,153,000 after buying an additional 177,104 shares in the last quarter. Finally, Boston Trust Walden Corp raised its position in shares of 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 buying an additional 103,388 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on CHKP shares. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their price target for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Jefferies Financial Group lifted their price objective on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Scotiabank raised their target price on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Finally, Stifel Nicolaus upped their price target on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a report on Friday, January 31st. Nineteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $215.59.

Check Point Software Technologies Stock Down 0.1 %

Shares of NASDAQ:CHKP opened at $212.24 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The stock has a market cap of $23.34 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 3.31 and a beta of 0.65. The business has a 50-day moving average price of $191.83 and a 200-day moving average price of $189.21.

Check Point Software Technologies 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.