Oregon Public Employees Retirement Fund Grows Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Oregon Public Employees Retirement Fund boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 64,330 shares of the technology company’s stock after purchasing an additional 1,065 shares during the period. Oregon Public Employees Retirement Fund owned approximately 0.06% of Check Point Software Technologies worth $12,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Robeco Institutional Asset Management B.V. grew its holdings in shares of Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after purchasing an additional 177,104 shares during the last quarter. FMR LLC boosted its position in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after buying an additional 252,581 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after buying an additional 464,821 shares during the period. Boston Trust Walden Corp grew its stake in Check Point Software Technologies by 26.9% in the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after acquiring an additional 103,388 shares in the last quarter. Finally, Swedbank AB increased its position in shares of Check Point Software Technologies by 1.1% during the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after acquiring an additional 4,760 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 1.6 %

NASDAQ CHKP opened at $218.63 on Wednesday. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $226.02. The company has a fifty day simple moving average of $199.35 and a two-hundred day simple moving average of $192.67. The stock has a market cap of $24.05 billion, a P/E ratio of 29.27, a P/E/G ratio of 3.41 and a beta of 0.65.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHKP. Morgan Stanley boosted their price target on Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Truist Financial reissued a “buy” rating and set a $250.00 target price (up previously from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Piper Sandler upped their price target on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Finally, Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Nineteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $218.50.

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.