IQ EQ FUND MANAGEMENT IRELAND Ltd Grows Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,726 shares of the technology company’s stock after acquiring an additional 612 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Check Point Software Technologies were worth $5,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHKP. FMR LLC increased 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 worth $218,488,000 after purchasing an additional 252,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake 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 worth $211,105,000 after buying an additional 464,821 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Check Point Software Technologies by 6.0% in the 4th quarter. Sei Investments Co. now owns 504,977 shares of the technology company’s stock worth $94,279,000 after buying an additional 28,763 shares during the last quarter. 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. Finally, Sound Shore Management Inc. CT lifted its holdings in shares of Check Point Software Technologies by 42.3% in the 4th quarter. Sound Shore Management Inc. CT now owns 478,888 shares of the technology company’s stock valued at $89,408,000 after acquiring an additional 142,328 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CHKP shares. Mizuho boosted their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Robert W. Baird upgraded Check Point Software Technologies from a “neutral” rating to an “outperform” rating and increased their price target for the company from $235.00 to $255.00 in a report on Thursday, February 27th. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 price target on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Piper Sandler upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $220.00 to $260.00 in a research report on Monday, March 3rd. Finally, Baird R W upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Seventeen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $229.86.

Check Point Software Technologies Stock Down 1.2 %

Shares of CHKP stock opened at $227.87 on Thursday. The firm has a market cap of $25.06 billion, a price-to-earnings ratio of 30.50, 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 $232.66. The company’s 50 day moving average is $215.88 and its 200 day moving average is $197.97.

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.