Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,349 shares of the technology company’s stock after buying an additional 1,047 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned about 0.06% of Check Point Software Technologies worth $12,201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHKP. Ativo Capital Management LLC increased its stake in shares of Check Point Software Technologies by 2.8% in the 4th quarter. Ativo Capital Management LLC now owns 59,531 shares of the technology company’s stock worth $11,114,000 after acquiring an additional 1,601 shares in the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in Check Point Software Technologies in the fourth quarter worth about $859,000. Cassaday & Co Wealth Management LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter valued at approximately $369,000. Arcadia Investment Management Corp MI purchased a new position in shares of Check Point Software Technologies during the fourth quarter valued at approximately $93,000. Finally, Suncoast Equity Management boosted its position in shares of Check Point Software Technologies by 6.8% in the 4th quarter. Suncoast Equity Management now owns 5,770 shares of the technology company’s stock worth $1,077,000 after purchasing an additional 365 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 1.0 %

Check Point Software Technologies stock opened at $216.80 on Monday. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-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. The business has a 50-day simple moving average of $198.23 and a two-hundred day simple moving average of $192.18.

Wall Street Analysts Forecast Growth

CHKP has been the subject of a number of analyst reports. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Susquehanna raised 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. Royal Bank of Canada upped their price target on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Friday, January 31st. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, The Goldman Sachs Group cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Nineteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $216.95.

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.