Swiss National Bank Has $45.35 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Swiss National Bank lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 242,900 shares of the technology company’s stock after selling 22,100 shares during the period. Swiss National Bank’s holdings in Check Point Software Technologies were worth $45,349,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHKP. Apollon Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter worth about $334,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Check Point Software Technologies by 0.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 196,273 shares of the technology company’s stock worth $37,843,000 after buying an additional 531 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in shares of Check Point Software Technologies in the third quarter worth about $774,000. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Check Point Software Technologies by 17.5% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,791 shares of the technology company’s stock worth $538,000 after buying an additional 415 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Check Point Software Technologies by 4.1% in the third quarter. CIBC Asset Management Inc now owns 8,374 shares of the technology company’s stock worth $1,615,000 after buying an additional 329 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CHKP. BMO Capital Markets lifted their price objective on Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Piper Sandler upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $220.00 to $260.00 in a research note on Monday, March 3rd. 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 note on Thursday, February 27th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a research note on Monday, January 27th. Finally, StockNews.com lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Thursday. Eighteen analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $227.26.

Check Point Software Technologies Trading Up 4.6 %

CHKP stock opened at $224.84 on Monday. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $230.65. The firm has a market cap of $24.73 billion, a P/E ratio of 30.10, a P/E/G ratio of 3.41 and a beta of 0.62. The business’s 50 day moving average is $208.38 and its 200-day moving average is $195.84.

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.