Schroder Investment Management Group Acquires 1,649 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Schroder Investment Management Group boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 53.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,706 shares of the technology company’s stock after buying an additional 1,649 shares during the period. Schroder Investment Management Group’s holdings in Check Point Software Technologies were worth $881,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. GAMMA Investing LLC increased its position in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares during the period. Golden State Wealth Management LLC acquired a new stake in Check Point Software Technologies in the 4th quarter worth $35,000. Strategic Financial Concepts LLC bought a new position in shares of Check Point Software Technologies during the 4th quarter worth about $35,000. Exchange Traded Concepts LLC lifted 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 valued at $44,000 after buying an additional 137 shares during the period. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Check Point Software Technologies by 370.6% in the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $45,000 after buying an additional 189 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Down 0.8 %

Shares of NASDAQ CHKP opened at $213.76 on Tuesday. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.36. The company has a 50-day moving average of $221.10 and a two-hundred day moving average of $199.93. The company has a market cap of $23.51 billion, a PE ratio of 28.62, a P/E/G ratio of 3.41 and a beta of 0.62.

Analyst Ratings Changes

Several equities analysts have commented on CHKP shares. Compass Point set a $260.00 price target on Check Point Software Technologies in a report on Thursday, March 27th. BMO Capital Markets raised Check Point Software Technologies from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $245.00 to $275.00 in a research report on Friday, March 28th. Arete Research raised shares of Check Point Software Technologies to a “hold” rating in a report on Monday, February 24th. The Goldman Sachs Group cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $221.00 to $255.00 in a research report on Wednesday, February 26th. Sixteen analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $236.13.

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.