Meitav Investment House Ltd. Acquires 19,818 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Meitav Investment House Ltd. grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,267 shares of the technology company’s stock after purchasing an additional 19,818 shares during the period. Meitav Investment House Ltd.’s holdings in Check Point Software Technologies were worth $36,618,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. increased its holdings in Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after buying an additional 177,104 shares in the last quarter. FMR LLC grew its stake in shares of Check Point Software Technologies by 28.7% in the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after acquiring an additional 252,581 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Check Point Software Technologies by 73.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after purchasing an additional 464,821 shares during the last quarter. Boston Trust Walden Corp lifted its position in Check Point Software Technologies by 26.9% during the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock valued at $90,976,000 after purchasing an additional 103,388 shares during the period. Finally, Swedbank AB lifted its position in Check Point Software Technologies by 1.1% during the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock valued at $79,915,000 after purchasing an additional 4,760 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Evercore ISI increased their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Barclays boosted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. BMO Capital Markets increased their price objective 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. Finally, Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Nineteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $215.59.

Check Point Software Technologies Stock Up 1.1 %

CHKP opened at $222.92 on Thursday. The company has a market capitalization of $24.52 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 3.46 and a beta of 0.65. The firm has a 50-day simple moving average of $196.37 and a two-hundred day simple moving average of $191.24. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.02.

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.