Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 87.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,636 shares of the technology company’s stock after acquiring an additional 7,314 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Check Point Software Technologies were worth $2,919,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC lifted 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted 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 valued at $211,105,000 after purchasing an additional 464,821 shares in the last quarter. Boston Trust Walden Corp lifted its stake 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 valued at $90,976,000 after purchasing an additional 103,388 shares in the last quarter. Swedbank AB lifted its stake in shares of Check Point Software Technologies by 1.1% in the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock valued at $79,915,000 after purchasing an additional 4,760 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new position in Check Point Software Technologies during the 3rd quarter worth approximately $51,922,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on CHKP. Jefferies Financial Group boosted their price target on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Citigroup boosted their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Arete Research raised Check Point Software Technologies to a “hold” rating in a research report on Monday, February 24th. Mizuho boosted their price target on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Finally, Baird R W raised Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Eighteen 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. According to data from MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and a consensus target price of $227.26.

Check Point Software Technologies Trading Up 4.6 %

Shares of NASDAQ CHKP opened at $224.84 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $230.65. The company has a market capitalization of $24.73 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The business has a 50 day simple moving average of $208.38 and a 200-day simple moving average of $195.79.

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.