Signaturefd LLC Has $561,000 Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Signaturefd LLC reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,007 shares of the technology company’s stock after selling 203 shares during the period. Signaturefd LLC’s holdings in Check Point Software Technologies were worth $561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CHKP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in 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 buying an additional 464,821 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Check Point Software Technologies during the third quarter worth approximately $51,922,000. FMR LLC lifted its holdings in Check Point Software Technologies by 28.7% during 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 last quarter. Raymond James Financial Inc. acquired a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $38,558,000. Finally, Boston Trust Walden Corp raised its position in Check Point Software Technologies by 26.9% during 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 in the last quarter. 98.51% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CHKP. Baird R W upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Mizuho raised their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. BMO Capital Markets upped their target price on Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Jefferies Financial Group lifted their price target on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Scotiabank upped their price objective on Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Eighteen investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $229.86.

Check Point Software Technologies Stock Up 0.2 %

Check Point Software Technologies stock opened at $230.32 on Thursday. The company has a market capitalization of $25.33 billion, a PE ratio of 30.83, a PEG ratio of 3.41 and a beta of 0.62. The firm’s fifty day moving average is $211.30 and its 200 day moving average is $196.61. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $232.37.

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.