Mariner LLC Acquires 1,374 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mariner LLC lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,515 shares of the technology company’s stock after buying an additional 1,374 shares during the quarter. Mariner LLC’s holdings in Check Point Software Technologies were worth $5,884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHKP. World Investment Advisors grew its stake in shares of Check Point Software Technologies by 4.4% during the fourth quarter. World Investment Advisors now owns 30,041 shares of the technology company’s stock valued at $5,609,000 after purchasing an additional 1,278 shares during the last quarter. Truist Financial Corp boosted its position in Check Point Software Technologies by 2.6% in the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock valued at $22,311,000 after buying an additional 3,080 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of Check Point Software Technologies by 99.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock valued at $928,000 after buying an additional 2,478 shares during the period. Hickory Asset Management Inc. bought a new stake in shares of Check Point Software Technologies during the fourth quarter worth $476,000. Finally, Assetmark Inc. boosted its holdings in Check Point Software Technologies by 44.1% in the fourth quarter. Assetmark Inc. now owns 140,943 shares of the technology company’s stock valued at $26,314,000 after acquiring an additional 43,165 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CHKP shares. Stephens began coverage on shares of Check Point Software Technologies in a research report on Tuesday, April 1st. They set an “equal weight” rating and a $255.00 target price on the stock. BMO Capital Markets raised shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $245.00 to $275.00 in a research note on Friday, March 28th. Wells Fargo & Company raised Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $200.00 to $280.00 in a research note on Friday, March 14th. Jefferies Financial Group upped their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Scotiabank boosted their target price on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 31st. Fifteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.50.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $214.96 on Friday. The stock’s 50-day simple moving average is $221.71 and its 200 day simple moving average is $201.57. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36. The company has a market cap of $23.64 billion, a P/E ratio of 28.78, 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.