Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 279.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,749 shares of the technology company’s stock after buying an additional 4,969 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Check Point Software Technologies were worth $1,356,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings 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 purchasing an additional 464,821 shares during the period. World Investment Advisors LLC purchased a new position in shares of Check Point Software Technologies in the 3rd quarter worth about $51,922,000. FMR LLC raised its holdings 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 worth $218,488,000 after purchasing an additional 252,581 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Check Point Software Technologies in the 4th quarter worth about $38,558,000. Finally, Boston Trust Walden Corp raised its holdings in shares of 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 worth $90,976,000 after purchasing an additional 103,388 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Stifel Nicolaus raised their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Piper Sandler upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Jefferies Financial Group raised their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Seventeen 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 company. According to data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $224.86.

Check Point Software Technologies Stock Up 3.0 %

CHKP stock opened at $230.20 on Monday. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $230.65. The stock’s 50 day moving average is $204.80 and its two-hundred day moving average is $194.73. The company has a market capitalization of $25.32 billion, a PE ratio of 30.82, a P/E/G ratio of 3.41 and a beta of 0.62.

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.