Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 16.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 98,696 shares of the technology company’s stock after purchasing an additional 13,843 shares during the period. Teacher Retirement System of Texas’ holdings in Check Point Software Technologies were worth $18,427,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CHKP. Gitterman Wealth Management LLC raised its holdings in Check Point Software Technologies by 3.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after purchasing an additional 48 shares during the period. Argonautica Private Wealth Management Inc. raised its holdings in Check Point Software Technologies by 0.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after purchasing an additional 56 shares during the period. Regatta Capital Group LLC raised its holdings in Check Point Software Technologies by 4.9% in the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after purchasing an additional 57 shares during the period. Kingsview Wealth Management LLC raised its holdings in Check Point Software Technologies by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after purchasing an additional 57 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of analyst reports. UBS Group upped their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Wells Fargo & Company raised Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $200.00 to $280.00 in a report on Friday, March 14th. Susquehanna increased their target price on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a report on Friday, January 31st. Barclays increased their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Finally, Truist Financial reissued a “buy” rating and set a $250.00 target price (up previously from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Seventeen equities research 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 company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $229.86.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $227.97 on Friday. The firm has a market capitalization of $25.07 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $232.37. The stock has a 50 day moving average of $213.13 and a 200 day moving average of $197.08.

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.