Daiwa Securities Group Inc. Buys 242 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Daiwa Securities Group Inc. lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,097 shares of the technology company’s stock after acquiring an additional 242 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Check Point Software Technologies were worth $1,698,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CHKP. Bank of Montreal Can boosted its holdings in Check Point Software Technologies by 32.2% in the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after purchasing an additional 20,866 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Check Point Software Technologies by 2.6% during the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock valued at $22,311,000 after buying an additional 3,080 shares during the period. MML Investors Services LLC boosted its stake in shares of Check Point Software Technologies by 3.7% in the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after buying an additional 3,655 shares during the last quarter. Hickory Asset Management Inc. bought a new stake in shares of Check Point Software Technologies in the fourth quarter worth $476,000. Finally, Vestmark Advisory Solutions Inc. increased its position in Check Point Software Technologies by 99.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock valued at $928,000 after acquiring an additional 2,478 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $224.84 on Friday. The firm has a market cap of $24.73 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 3.41 and a beta of 0.62. The firm has a fifty day moving average price of $208.38 and a 200 day moving average price of $195.74. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $230.65.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. JPMorgan Chase & Co. raised Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $221.00 to $255.00 in a research report on Wednesday, February 26th. Baird R W raised shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Piper Sandler raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $220.00 to $260.00 in a report on Monday, March 3rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Eighteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $227.26.

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.