Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P increased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,344 shares of the technology company’s stock after acquiring an additional 2,610 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.06% of Check Point Software Technologies worth $12,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new position in Check Point Software Technologies during the 3rd quarter worth $27,000. GAMMA Investing LLC boosted 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 buying an additional 60 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Check Point Software Technologies during the fourth quarter worth about $35,000. Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC lifted its position in Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CHKP. Baird R W raised Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, February 27th. StockNews.com downgraded shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Finally, Wells Fargo & Company raised Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $200.00 to $280.00 in a report on Friday, March 14th. Sixteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $234.18.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $228.37 on Friday. The firm’s 50-day moving average is $217.58 and its two-hundred day moving average is $198.48. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36. The company has a market capitalization of $25.12 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

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.