Raymond James Financial Inc. Makes New $38.56 Million Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Raymond James Financial Inc. bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 206,524 shares of the technology company’s stock, valued at approximately $38,558,000. Raymond James Financial Inc. owned 0.19% of Check Point Software Technologies as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Check Point Software Technologies by 73.8% in the third 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 acquiring an additional 464,821 shares during the period. World Investment Advisors LLC bought a new position in shares of Check Point Software Technologies in the third quarter valued at approximately $51,922,000. FMR LLC boosted its position in shares of Check Point Software Technologies by 28.7% in the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after acquiring an additional 252,581 shares during the period. Boston Trust Walden Corp boosted its position in shares of Check Point Software Technologies by 26.9% in the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock valued at $90,976,000 after acquiring an additional 103,388 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at approximately $13,838,000. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 2.0 %

Shares of NASDAQ CHKP opened at $217.99 on Thursday. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $230.65. The firm’s fifty day moving average is $206.90 and its 200 day moving average is $195.36. The company has a market cap of $23.98 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 3.41 and a beta of 0.62.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CHKP shares. Mizuho raised their price objective on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Barclays raised their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets raised their target price on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Eighteen investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price of $224.86.

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.