Sei Investments Co. Buys 28,763 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Sei Investments Co. grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 504,977 shares of the technology company’s stock after acquiring an additional 28,763 shares during the quarter. Sei Investments Co. owned about 0.46% of Check Point Software Technologies worth $94,279,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Bank of Montreal Can grew its stake in Check Point Software Technologies by 32.2% in the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock valued at $16,532,000 after purchasing an additional 20,866 shares during the last quarter. Truist Financial Corp grew its position in shares of Check Point Software Technologies by 2.6% in the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock worth $22,311,000 after buying an additional 3,080 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its stake in shares of Check Point Software Technologies by 99.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock worth $928,000 after acquiring an additional 2,478 shares in the last quarter. MML Investors Services LLC lifted its position in Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after acquiring an additional 3,655 shares during the last quarter. Finally, Hickory Asset Management Inc. acquired a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $476,000. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Down 0.5 %

NASDAQ CHKP 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 PEG ratio of 3.41 and a beta of 0.62. The stock has a 50-day moving average of $213.13 and a 200 day moving average of $197.13. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $232.37.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price objective on shares of Check Point Software Technologies in a report on Thursday, February 27th. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Barclays increased their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Baird R W raised shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Seventeen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $229.86.

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.