Teacher Retirement System of Texas Purchases 13,843 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Teacher Retirement System of Texas raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 98,696 shares of the technology company’s stock after purchasing an additional 13,843 shares during the period. Teacher Retirement System of Texas owned about 0.09% of Check Point Software Technologies worth $18,427,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies during the 3rd quarter valued at $27,000. GAMMA Investing LLC raised its position in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at $35,000. Strategic Financial Concepts LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at $35,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after acquiring an additional 137 shares during the period. 98.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 price target on shares of Check Point Software Technologies in a report on Thursday, February 27th. Citigroup lifted their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Susquehanna lifted their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a report on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Finally, BMO Capital Markets lifted their price target on Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Seventeen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $229.86.

Check Point Software Technologies Stock Down 0.5 %

Shares of CHKP stock opened at $227.97 on Friday. The stock has a market cap of $25.07 billion, a PE ratio of 30.52, 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 $213.13 and a 200-day simple moving average of $197.08. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $232.37.

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.