Bank Julius Baer & Co. Ltd Zurich Grows Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 279.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,749 shares of the technology company’s stock after purchasing an additional 4,969 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Check Point Software Technologies were worth $1,356,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the third quarter worth approximately $27,000. GAMMA Investing LLC raised its stake 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 during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth approximately $35,000. Strategic Financial Concepts LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 3.0 %

CHKP opened at $230.20 on Monday. The firm has a market cap of $25.32 billion, a P/E ratio of 30.82, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $230.65. The business’s fifty day simple moving average is $204.80 and its 200 day simple moving average is $194.73.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Stifel Nicolaus increased their price objective 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. StockNews.com upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a research report on Monday, January 27th. Finally, Baird R W upgraded Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Seventeen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average 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.