TIAA Trust National Association Purchases 292 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

TIAA Trust National Association lifted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 16.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,098 shares of the technology company’s stock after acquiring an additional 292 shares during the quarter. TIAA Trust National Association’s holdings in Check Point Software Technologies were worth $392,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cerity Partners LLC grew its stake in shares of Check Point Software Technologies by 34.2% during the third quarter. Cerity Partners LLC now owns 5,304 shares of the technology company’s stock valued at $1,023,000 after buying an additional 1,353 shares during the last quarter. Kingsview Wealth Management LLC grew its position in Check Point Software Technologies by 9.0% in the 3rd quarter. Kingsview Wealth Management LLC now owns 1,834 shares of the technology company’s stock valued at $354,000 after acquiring an additional 152 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Check Point Software Technologies by 4.3% in the third quarter. Daiwa Securities Group Inc. now owns 8,855 shares of the technology company’s stock worth $1,707,000 after purchasing an additional 367 shares during the period. Fisher Asset Management LLC lifted its position in shares of Check Point Software Technologies by 143.0% during the third quarter. Fisher Asset Management LLC now owns 3,329 shares of the technology company’s stock worth $642,000 after purchasing an additional 1,959 shares during the last quarter. Finally, Independent Advisor Alliance purchased a new stake in shares of Check Point Software Technologies during the third quarter valued at $203,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Down 1.3 %

Shares of Check Point Software Technologies stock opened at $228.37 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36. The firm’s 50 day simple moving average is $217.58 and its two-hundred day simple moving average is $198.48. The firm has a market capitalization of $25.12 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 3.41 and a beta of 0.62.

Analyst Ratings Changes

Several research analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $221.00 to $255.00 in a report on Wednesday, February 26th. Baird R W upgraded Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Susquehanna raised their price objective on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Arete Research upgraded Check Point Software Technologies to a “hold” rating in a report on Monday, February 24th. Finally, StockNews.com downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Sixteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $234.18.

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.