Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 1,047 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 65,349 shares of the technology company’s stock after buying an additional 1,047 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Check Point Software Technologies were worth $12,201,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CHKP. FSA Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth approximately $27,000. GAMMA Investing LLC lifted its stake in shares of 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 buying an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Check Point Software Technologies during the 4th quarter valued at $35,000. Concord Wealth Partners purchased a new stake in Check Point Software Technologies in the 3rd quarter worth $37,000. Finally, Exchange Traded Concepts LLC increased its stake in 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 worth $44,000 after buying an additional 137 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $216.80 on Monday. The business’s 50 day moving average price is $198.23 and its 200-day moving average price is $192.18. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The company has a market cap of $23.84 billion, a P/E ratio of 29.02, a P/E/G ratio of 3.41 and a beta of 0.65.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a research report on Monday, January 27th. Jefferies Financial Group boosted their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Susquehanna lifted their price objective on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Royal Bank of Canada boosted their target price on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the stock a “sector perform” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Check Point Software Technologies from $207.00 to $221.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Nineteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $216.95.

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.