Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P grew its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 64,344 shares of the technology company’s stock after purchasing an additional 2,610 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Check Point Software Technologies were worth $12,013,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CHKP. FMR LLC boosted its position in Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after acquiring an additional 252,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Check Point Software Technologies by 73.8% during the third 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 last quarter. Sei Investments Co. grew its position in shares of Check Point Software Technologies by 6.0% in the fourth quarter. Sei Investments Co. now owns 504,977 shares of the technology company’s stock valued at $94,279,000 after purchasing an additional 28,763 shares during the period. Boston Trust Walden Corp increased its stake in Check Point Software Technologies by 26.9% in the fourth 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 during the last quarter. Finally, Sound Shore Management Inc. CT lifted its position in Check Point Software Technologies by 42.3% during the fourth quarter. Sound Shore Management Inc. CT now owns 478,888 shares of the technology company’s stock worth $89,408,000 after buying an additional 142,328 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 1.3 %

Shares of NASDAQ CHKP opened at $228.37 on Friday. The business has a 50 day moving average price of $217.58 and a two-hundred day moving average price of $198.48. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $234.36. The firm has a market cap of $25.12 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Analysts Set New Price Targets

Several research firms have commented on CHKP. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Bank of America raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and upped their price target for the stock from $230.00 to $260.00 in a research report on Thursday. BMO Capital Markets upgraded shares of 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 report on Friday. The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Finally, Robert W. Baird raised Check Point Software Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Sixteen equities 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $234.18.

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.