Hickory Asset Management Inc. Makes New Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Hickory Asset Management Inc. acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,547 shares of the technology company’s stock, valued at approximately $476,000.

A number of other large investors have also made changes to their positions in CHKP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Check Point Software Technologies by 73.8% in 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 in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $51,922,000. FMR LLC grew its position 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 valued at $218,488,000 after purchasing an additional 252,581 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after purchasing an additional 177,104 shares in the last quarter. Finally, Boston Trust Walden Corp grew its position in shares of Check Point Software Technologies by 26.9% in 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 in the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CHKP shares. Citigroup upped their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Robert W. Baird decreased their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Barclays upped their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Stifel Nicolaus upped their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Nineteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $222.09 on Friday. The business’s fifty day moving average price is $194.31 and its 200 day moving average price is $190.30. The firm has a market capitalization of $24.43 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 3.31 and a beta of 0.65. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month 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.