Check Point Software Technologies Ltd. (NASDAQ:CHKP) Position Boosted by Blair William & Co. IL

Blair William & Co. IL boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.3% during the 4th quarter, Holdings Channel reports. The fund owned 18,855 shares of the technology company’s stock after acquiring an additional 237 shares during the quarter. Blair William & Co. IL’s holdings in Check Point Software Technologies were worth $3,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Cerity Partners LLC increased its holdings in shares of Check Point Software Technologies by 34.2% during the third quarter. Cerity Partners LLC now owns 5,304 shares of the technology company’s stock valued at $1,023,000 after purchasing an additional 1,353 shares during the period. FMR LLC lifted its holdings in Check Point Software Technologies by 28.7% in the third 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. D.A. Davidson & CO. grew its position in Check Point Software Technologies by 4.4% in the 3rd quarter. D.A. Davidson & CO. now owns 2,625 shares of the technology company’s stock valued at $506,000 after buying an additional 111 shares in the last quarter. Glenmede Trust Co. NA increased its stake in Check Point Software Technologies by 3.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 3,725 shares of the technology company’s stock valued at $718,000 after buying an additional 130 shares during the period. Finally, Verition Fund Management LLC bought a new stake in shares of Check Point Software Technologies during the 3rd quarter worth about $493,000. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $227.92 on Tuesday. The company has a market capitalization of $25.07 billion, a PE ratio of 30.51, a PEG ratio of 3.41 and a beta of 0.62. The company’s 50 day moving average price is $218.38 and its 200 day moving average price is $198.86. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $234.36.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Mizuho raised their price objective on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Baird R W upgraded Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. UBS Group upped their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, January 31st. StockNews.com lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Barclays upped their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $234.18.

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.