Truist Financial Corp Buys 3,080 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Truist Financial Corp grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.6% during the 4th quarter, HoldingsChannel reports. The firm owned 119,504 shares of the technology company’s stock after acquiring an additional 3,080 shares during the quarter. Truist Financial Corp’s holdings in Check Point Software Technologies were worth $22,311,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. CIBC Asset Management Inc grew its stake in shares of Check Point Software Technologies by 14.5% in the 4th quarter. CIBC Asset Management Inc now owns 9,589 shares of the technology company’s stock valued at $1,790,000 after purchasing an additional 1,215 shares during the period. Sanctuary Advisors LLC grew its position in Check Point Software Technologies by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 4,924 shares of the technology company’s stock worth $919,000 after acquiring an additional 231 shares during the last quarter. Copperleaf Capital LLC grew its position in Check Point Software Technologies by 4.1% during the 4th quarter. Copperleaf Capital LLC now owns 6,724 shares of the technology company’s stock worth $1,255,000 after acquiring an additional 264 shares during the last quarter. Strategic Financial Concepts LLC bought a new stake in Check Point Software Technologies during the 4th quarter worth approximately $35,000. Finally, Allworth Financial LP grew its position in Check Point Software Technologies by 22.0% during the 4th quarter. Allworth Financial LP now owns 611 shares of the technology company’s stock worth $119,000 after acquiring an additional 110 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Evercore ISI increased their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Morgan Stanley increased their price objective on Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Jefferies Financial Group increased their price objective on Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. UBS Group increased their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Scotiabank increased their price objective on Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Nineteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $215.59.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $222.92 on Thursday. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 29.84, a PEG ratio of 3.46 and a beta of 0.65. The business has a 50-day moving average of $196.37 and a 200-day moving average of $191.24. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $226.02.

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.