Aware Super Pty Ltd as trustee of Aware Super Buys New Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 136,481 shares of the technology company’s stock, valued at approximately $25,481,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nemes Rush Group LLC purchased a new position in shares of Check Point Software Technologies during the 4th quarter valued at about $25,000. GAMMA Investing LLC raised its stake in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares during the period. Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies during the fourth quarter valued at approximately $35,000. Exchange Traded Concepts LLC boosted its position 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 worth $44,000 after purchasing an additional 137 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its position in shares of Check Point Software Technologies by 370.6% in the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock worth $45,000 after purchasing an additional 189 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Compass Point set a $260.00 target price on shares of Check Point Software Technologies in a research note on Thursday, March 27th. Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Stephens initiated coverage on Check Point Software Technologies in a research note on Tuesday, April 1st. They set an “equal weight” rating and a $255.00 target price on the stock. Finally, Stifel Nicolaus increased their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a report on Friday, January 31st. Fifteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies has an average rating of “Moderate Buy” and a consensus price target of $236.13.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $217.71 on Monday. The stock has a 50 day moving average price of $221.43 and a 200 day moving average price of $200.72. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36. The firm has a market capitalization of $23.94 billion, a P/E ratio of 29.14, a P/E/G 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.