Portland Global Advisors LLC Has $7.58 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Portland Global Advisors LLC lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 40,606 shares of the technology company’s stock after purchasing an additional 94 shares during the period. Portland Global Advisors LLC’s holdings in Check Point Software Technologies were worth $7,581,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CHKP. Cerity Partners LLC boosted its position in Check Point Software Technologies by 34.2% in the 3rd quarter. Cerity Partners LLC now owns 5,304 shares of the technology company’s stock valued at $1,023,000 after buying an additional 1,353 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Check Point Software Technologies by 143.0% in the third quarter. Fisher Asset Management LLC now owns 3,329 shares of the technology company’s stock valued at $642,000 after acquiring an additional 1,959 shares during the last quarter. Independent Advisor Alliance acquired a new stake in Check Point Software Technologies in the third quarter worth about $203,000. Bank of Montreal Can raised its holdings in Check Point Software Technologies by 32.2% during the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after purchasing an additional 20,866 shares during the last quarter. Finally, FMR LLC boosted its stake 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 purchasing an additional 252,581 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $228.37 on Friday. The business has a 50-day moving average of $217.58 and a 200-day moving average of $198.54. The stock has a market capitalization of $25.12 billion, a price-to-earnings ratio of 30.57, 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 $234.36.

Analyst Ratings Changes

Several equities analysts recently weighed in on CHKP shares. BMO Capital Markets upgraded shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $245.00 to $275.00 in a report on Friday. Arete Research raised Check Point Software Technologies to a “hold” rating in a research note on Monday, February 24th. Morgan Stanley started coverage on Check Point Software Technologies in a report on Tuesday, March 18th. They issued an “equal weight” rating and a $235.00 price objective for the company. Jefferies Financial Group raised their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Susquehanna upped their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Sixteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $234.18.

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.