Clearbridge Investments LLC Makes New Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Clearbridge Investments LLC acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 538,064 shares of the technology company’s stock, valued at approximately $100,456,000. Clearbridge Investments LLC owned 0.49% of Check Point Software Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies during the 3rd quarter valued at $27,000. GAMMA Investing LLC raised its stake in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $35,000. Exchange Traded Concepts LLC grew its stake in shares of Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after purchasing an additional 137 shares during the last quarter. Finally, Iron Horse Wealth Management LLC increased its holdings in Check Point Software Technologies by 370.6% during the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $45,000 after purchasing an additional 189 shares during the period. Institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CHKP shares. Bank of America upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $230.00 to $260.00 in a report on Thursday, March 27th. UBS Group lifted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Mizuho boosted 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 report on Wednesday, February 26th. Truist Financial reaffirmed a “buy” rating and issued a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, Barclays boosted 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 research report on Thursday, January 30th. Sixteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $234.18.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $227.92 on Tuesday. The firm’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. The company has a market cap of $25.07 billion, a PE ratio of 30.51, a P/E/G ratio of 3.41 and a beta of 0.62.

Check Point Software Technologies 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.