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

Ilmarinen Mutual Pension Insurance Co acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,172 shares of the technology company’s stock, valued at approximately $2,646,000.

Several other institutional investors and hedge funds also recently modified their holdings of CHKP. Nemes Rush Group LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth approximately $25,000. GAMMA Investing LLC lifted its position in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth $35,000. Exchange Traded Concepts LLC boosted its stake in shares of Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after purchasing an additional 137 shares during the period. Finally, Iron Horse Wealth Management LLC grew its holdings in Check Point Software Technologies by 370.6% during the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $45,000 after purchasing an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 3.8 %

Shares of NASDAQ:CHKP opened at $215.52 on Friday. The company’s 50-day moving average price is $220.78 and its 200 day moving average price is $199.70. The company has a market cap of $23.70 billion, a PE ratio of 28.85, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $234.36.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CHKP shares. Stephens started coverage on shares of Check Point Software Technologies in a research report on Tuesday, April 1st. They issued an “equal weight” rating and a $255.00 price objective for the company. The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Stifel Nicolaus upped their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Finally, Scotiabank lifted their price target on shares of 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. Sixteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $236.13.

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.