Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 129.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 112,286 shares of the technology company’s stock after purchasing an additional 63,417 shares during the period. Marshall Wace LLP’s holdings in Check Point Software Technologies were worth $20,964,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Check Point Software Technologies during the fourth quarter worth about $428,820,000. Clearbridge Investments LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $100,456,000. Causeway Capital Management LLC raised its holdings in shares of Check Point Software Technologies by 33.8% during the fourth quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company’s stock valued at $360,257,000 after buying an additional 487,823 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Check Point Software Technologies during the fourth quarter valued at approximately $38,558,000. Finally, Pictet Asset Management Holding SA boosted its position in shares of Check Point Software Technologies by 148.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 345,173 shares of the technology company’s stock worth $64,444,000 after buying an additional 206,294 shares during the period. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Up 0.0 %

NASDAQ CHKP opened at $214.96 on Friday. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36. The company has a market cap of $23.64 billion, a PE ratio of 28.78, a PEG ratio of 3.41 and a beta of 0.62. The stock’s 50-day moving average price is $221.71 and its two-hundred day moving average price is $201.57.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CHKP shares. Morgan Stanley cut their target price on Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Susquehanna raised their target price on shares of 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. Finally, Truist Financial restated a “buy” rating and set a $250.00 price target (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $235.50.

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.