Mitsubishi UFJ Asset Management Co. Ltd. Has $12.19 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,196 shares of the technology company’s stock after buying an additional 6,977 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.06% of Check Point Software Technologies worth $12,189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. TIAA Trust National Association lifted its position in shares of Check Point Software Technologies by 16.2% during the 4th quarter. TIAA Trust National Association now owns 2,098 shares of the technology company’s stock valued at $392,000 after acquiring an additional 292 shares during the period. Sound Shore Management Inc. CT increased its stake in Check Point Software Technologies by 42.3% in the fourth quarter. Sound Shore Management Inc. CT now owns 478,888 shares of the technology company’s stock valued at $89,408,000 after purchasing an additional 142,328 shares in the last quarter. Twin City Private Wealth LLC raised its holdings in shares of Check Point Software Technologies by 2.7% during the fourth quarter. Twin City Private Wealth LLC now owns 5,744 shares of the technology company’s stock valued at $1,072,000 after purchasing an additional 150 shares during the period. LPL Financial LLC boosted its position in shares of Check Point Software Technologies by 14.3% during the 4th quarter. LPL Financial LLC now owns 165,243 shares of the technology company’s stock worth $30,851,000 after purchasing an additional 20,676 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $22,945,000. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Down 0.2 %

Shares of CHKP stock opened at $227.92 on Tuesday. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $234.36. The stock has a market capitalization of $25.07 billion, a P/E ratio of 30.51, a PEG ratio of 3.41 and a beta of 0.62. The firm’s 50 day moving average is $218.38 and its 200 day moving average is $198.86.

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Saturday. BMO Capital Markets upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $245.00 to $275.00 in a research note on Friday. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Stifel Nicolaus increased their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Finally, Mizuho lifted their price objective on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Sixteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus 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.