Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp grew its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 29.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,537 shares of the technology company’s stock after purchasing an additional 15,049 shares during the quarter. Jones Financial Companies Lllp owned approximately 0.06% of Check Point Software Technologies worth $12,236,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC raised its holdings in Check Point Software Technologies by 6.1% in the 3rd quarter. Private Advisor Group LLC now owns 2,108 shares of the technology company’s stock worth $406,000 after purchasing an additional 121 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Check Point Software Technologies by 115.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,992 shares of the technology company’s stock worth $963,000 after buying an additional 2,674 shares during the period. abrdn plc lifted its position in shares of Check Point Software Technologies by 40.5% during the 3rd quarter. abrdn plc now owns 18,460 shares of the technology company’s stock valued at $3,559,000 after buying an additional 5,321 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Check Point Software Technologies by 26.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,535 shares of the technology company’s stock valued at $1,260,000 after acquiring an additional 1,384 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after acquiring an additional 177,104 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $221.09 on Tuesday. The stock has a market capitalization of $24.32 billion, a P/E ratio of 29.60, a PEG ratio of 3.41 and a beta of 0.65. The firm’s 50-day moving average is $202.03 and its two-hundred day moving average is $193.70. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $226.02.

Analysts Set New Price Targets

Several analysts have recently issued reports on CHKP shares. Jefferies Financial Group lifted their target price on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Arete Research upgraded Check Point Software Technologies to a “hold” rating in a report on Monday, February 24th. 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 note on Friday, January 31st. StockNews.com downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus boosted their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Eighteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $224.86.

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.