Natixis Advisors LLC Raises Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Natixis Advisors LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 50,472 shares of the technology company’s stock after purchasing an additional 746 shares during the period. Natixis Advisors LLC’s holdings in Check Point Software Technologies were worth $9,423,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC raised its holdings 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 raised its holdings in shares of 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 valued at $211,105,000 after acquiring an additional 464,821 shares in the last quarter. Boston Trust Walden Corp raised its holdings in shares of Check Point Software Technologies by 26.9% in the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock valued at $90,976,000 after acquiring an additional 103,388 shares in the last quarter. Swedbank AB raised its holdings in shares of Check Point Software Technologies by 1.1% in the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock valued at $79,915,000 after acquiring an additional 4,760 shares in the last quarter. Finally, World Investment Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at about $51,922,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 0.5 %

Shares of NASDAQ CHKP opened at $229.14 on Friday. The firm has a market cap of $25.20 billion, a price-to-earnings ratio of 30.67, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $232.37. The business’s 50 day moving average is $212.21 and its two-hundred day moving average is $196.84.

Analyst Ratings Changes

A number of brokerages recently weighed in on CHKP. The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Jefferies Financial Group raised their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Arete Research raised Check Point Software Technologies to a “hold” rating in a report on Monday, February 24th. Piper Sandler raised Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $220.00 to $260.00 in a report on Monday, March 3rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Eighteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $229.86.

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.