Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 96.2% in the 4th quarter, HoldingsChannel reports. The firm owned 7,881 shares of the technology company’s stock after purchasing an additional 3,865 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Check Point Software Technologies were worth $1,471,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CHKP. New York Life Investment Management LLC grew its stake in shares of Check Point Software Technologies by 22.3% in the fourth quarter. New York Life Investment Management LLC now owns 2,053 shares of the technology company’s stock worth $383,000 after acquiring an additional 375 shares in the last quarter. NewEdge Wealth LLC boosted its holdings in Check Point Software Technologies by 6.9% in the fourth quarter. NewEdge Wealth LLC now owns 23,619 shares of the technology company’s stock valued at $4,410,000 after purchasing an additional 1,523 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in Check Point Software Technologies by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 64,330 shares of the technology company’s stock valued at $12,010,000 after purchasing an additional 1,065 shares during the period. Argonautica Private Wealth Management Inc. grew its stake in Check Point Software Technologies by 0.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after purchasing an additional 56 shares in the last quarter. Finally, Pinnacle West Asset Management Inc. increased its holdings in Check Point Software Technologies by 5.8% during the 4th quarter. Pinnacle West Asset Management Inc. now owns 1,100 shares of the technology company’s stock worth $205,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 0.4 %

CHKP opened at $221.09 on Tuesday. The business has a 50 day moving average price of $202.03 and a two-hundred day moving average price of $193.70. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.02. The company has a market cap of $24.32 billion, a PE ratio of 29.60, a P/E/G ratio of 3.41 and a beta of 0.65.

Analyst Ratings Changes

A number of equities analysts have recently commented on CHKP shares. Scotiabank boosted their price objective on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. StockNews.com cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Piper Sandler upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $220.00 to $260.00 in a report on Monday. 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. Finally, Citigroup increased their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Eighteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $224.86.

Check Point Software Technologies Company 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.