Handelsbanken Fonder AB Acquires 1,838 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Handelsbanken Fonder AB boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,307 shares of the technology company’s stock after purchasing an additional 1,838 shares during the period. Handelsbanken Fonder AB’s holdings in Check Point Software Technologies were worth $4,351,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CHKP. Global Retirement Partners LLC raised its stake in shares of Check Point Software Technologies by 10.1% during the fourth quarter. Global Retirement Partners LLC now owns 10,260 shares of the technology company’s stock valued at $1,916,000 after acquiring an additional 944 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter valued at about $336,000. Atria Wealth Solutions Inc. raised its stake in shares of Check Point Software Technologies by 42.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 4,161 shares of the technology company’s stock valued at $777,000 after acquiring an additional 1,247 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Check Point Software Technologies by 5,018.2% during the fourth quarter. Venturi Wealth Management LLC now owns 563 shares of the technology company’s stock valued at $105,000 after acquiring an additional 552 shares during the last quarter. Finally, Truist Financial Corp raised its stake in shares of Check Point Software Technologies by 2.6% during the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock valued at $22,311,000 after acquiring an additional 3,080 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Down 1.0 %

NASDAQ:CHKP opened at $216.80 on Monday. The company’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 52 week low of $145.75 and a 52 week high of $226.02. The stock has a market cap of $23.84 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 3.41 and a beta of 0.65.

Analysts Set New Price Targets

Several brokerages have recently commented on CHKP. Royal Bank of Canada upped their price objective on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Check Point Software Technologies in a research note on Monday, January 27th. Finally, BMO Capital Markets increased their price target on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Nineteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $216.95.

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.