Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,472 shares of the technology company’s stock after buying an additional 746 shares during the period. Natixis Advisors LLC’s holdings in Check Point Software Technologies were worth $9,423,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in Check Point Software Technologies by 28.7% in 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Check Point Software Technologies by 73.8% during 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 valued at $211,105,000 after acquiring an additional 464,821 shares during the period. Boston Trust Walden Corp increased its stake 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 worth $90,976,000 after purchasing an additional 103,388 shares in the last quarter. Swedbank AB increased its stake in shares of Check Point Software Technologies by 1.1% during the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after purchasing an additional 4,760 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new position in shares of Check Point Software Technologies during the 3rd quarter worth approximately $51,922,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $229.14 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $232.37. The firm has a market cap of $25.20 billion, a P/E ratio of 30.67, a PEG ratio of 3.41 and a beta of 0.62. The firm’s 50 day moving average price is $212.21 and its two-hundred day moving average price is $196.84.

Analyst Upgrades and Downgrades

CHKP has been the subject of several recent analyst reports. The Goldman Sachs Group cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. UBS Group boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. BMO Capital Markets boosted their price objective on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Finally, Arete Research raised shares of Check Point Software Technologies to a “hold” rating in a research note on Monday, February 24th. Eighteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $229.86.

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.