MML Investors Services LLC Purchases 8,599 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

MML Investors Services LLC boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 112,106 shares of the technology company’s stock after buying an additional 8,599 shares during the quarter. MML Investors Services LLC owned approximately 0.10% of Check Point Software Technologies worth $20,930,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CHKP. Barclays PLC grew its stake in shares of Check Point Software Technologies by 6.0% in the third quarter. Barclays PLC now owns 80,432 shares of the technology company’s stock worth $15,507,000 after purchasing an additional 4,522 shares during the last quarter. Anchor Investment Management LLC increased its stake in shares of Check Point Software Technologies by 8.2% during the third quarter. Anchor Investment Management LLC now owns 5,985 shares of the technology company’s stock valued at $1,154,000 after buying an additional 455 shares during the period. World Investment Advisors LLC purchased a new stake in Check Point Software Technologies in the third quarter worth $5,546,000. Wilmington Savings Fund Society FSB bought a new stake in Check Point Software Technologies in the third quarter valued at $187,000. Finally, Tidal Investments LLC raised its holdings in Check Point Software Technologies by 3.1% in the 3rd quarter. Tidal Investments LLC now owns 40,686 shares of the technology company’s stock worth $7,845,000 after purchasing an additional 1,224 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $207.36 on Tuesday. The stock has a market capitalization of $22.81 billion, a PE ratio of 27.76, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.36. The company’s fifty day simple moving average is $221.52 and its 200-day simple moving average is $201.74.

Analyst Ratings Changes

Several equities analysts recently issued reports on CHKP shares. Morgan Stanley reduced their price target on shares of Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 target price on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Susquehanna upped their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Arete Research upgraded shares of Check Point Software Technologies to a “hold” rating in a report on Monday, February 24th. Finally, Stephens started coverage on shares of Check Point Software Technologies in a research report on Tuesday, April 1st. They set an “equal weight” rating and a $255.00 price target for the company. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Check Point Software Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $235.50.

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.