Ilmarinen Mutual Pension Insurance Co Takes Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ilmarinen Mutual Pension Insurance Co acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 14,172 shares of the technology company’s stock, valued at approximately $2,646,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHKP. Norges Bank acquired a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $428,820,000. Clearbridge Investments LLC bought a new stake in Check Point Software Technologies during the fourth quarter worth approximately $100,456,000. World Investment Advisors LLC acquired a new stake in Check Point Software Technologies in the third quarter worth approximately $51,922,000. Raymond James Financial Inc. bought a new position in Check Point Software Technologies during the 4th quarter valued at $38,558,000. Finally, Pictet Asset Management Holding SA increased its position in shares of Check Point Software Technologies by 148.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 345,173 shares of the technology company’s stock valued at $64,444,000 after purchasing an additional 206,294 shares during the period. Institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CHKP. Susquehanna upped their price objective on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a report on Friday, January 31st. Morgan Stanley assumed coverage on shares of Check Point Software Technologies in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $235.00 price objective for the company. Baird R W upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. StockNews.com cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $250.00 price target (up previously from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Sixteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $236.13.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $215.52 on Friday. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36. The business’s 50-day moving average price is $220.78 and its two-hundred day moving average price is $199.70. The company has a market capitalization of $23.70 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

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.