Envestnet Portfolio Solutions Inc. Acquires 559 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Envestnet Portfolio Solutions Inc. grew its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,544 shares of the technology company’s stock after buying an additional 559 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Check Point Software Technologies were worth $1,408,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CHKP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Check Point Software Technologies by 73.8% in the 3rd 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 worth $211,105,000 after buying an additional 464,821 shares during the last quarter. World Investment Advisors LLC purchased a new position in Check Point Software Technologies in the third quarter valued at about $51,922,000. FMR LLC grew its position in shares of Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after acquiring an additional 252,581 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Check Point Software Technologies during the 4th quarter worth approximately $38,558,000. Finally, Boston Trust Walden Corp raised its holdings in shares of Check Point Software Technologies by 26.9% in the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after purchasing an additional 103,388 shares during the period. Institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

CHKP has been the topic of several research reports. Susquehanna boosted their target price on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Mizuho lifted their target price on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Morgan Stanley started coverage on shares of Check Point Software Technologies in a report on Tuesday. They issued an “equal weight” rating and a $235.00 price target on the stock. Finally, Robert W. Baird raised shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $235.00 to $255.00 in a research note on Thursday, February 27th. Seventeen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $229.86.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $227.97 on Friday. The stock has a market capitalization of $25.07 billion, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The company has a fifty day moving average of $213.13 and a 200-day moving average of $197.08. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $232.37.

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.