Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Ativo Capital Management LLC

Ativo Capital Management LLC increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,531 shares of the technology company’s stock after purchasing an additional 1,601 shares during the period. Check Point Software Technologies accounts for about 11.0% of Ativo Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Ativo Capital Management LLC’s holdings in Check Point Software Technologies were worth $11,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in 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 buying an additional 464,821 shares during the last quarter. World Investment Advisors LLC purchased a new position in Check Point Software Technologies in the 3rd quarter valued at about $51,922,000. FMR LLC boosted its position in 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 buying an additional 252,581 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after buying an additional 177,104 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its position in 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 buying an additional 103,388 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 1.0 %

Shares of NASDAQ CHKP opened at $216.80 on Friday. The firm’s 50-day moving average price is $197.65 and its two-hundred day moving average price is $191.65. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The stock has a market capitalization of $23.84 billion, a P/E ratio of 29.02, a P/E/G ratio of 3.48 and a beta of 0.65.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CHKP shares. Barclays upped their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Evercore ISI upped their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Stifel Nicolaus upped their price objective on shares of 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. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. Finally, UBS Group increased their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Nineteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $215.59.

About Check Point Software Technologies

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.