MML Investors Services LLC Purchases 8,599 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

MML Investors Services LLC boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 112,106 shares of the technology company’s stock after purchasing an additional 8,599 shares during the quarter. MML Investors Services LLC’s holdings in Check Point Software Technologies were worth $20,930,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CHKP. MetLife Investment Management LLC raised its stake in Check Point Software Technologies by 34.6% during the 4th quarter. MetLife Investment Management LLC now owns 10,500 shares of the technology company’s stock valued at $1,960,000 after purchasing an additional 2,700 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Check Point Software Technologies by 903.3% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,919 shares of the technology company’s stock worth $1,665,000 after acquiring an additional 8,030 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Check Point Software Technologies by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,712 shares of the technology company’s stock valued at $2,373,000 after acquiring an additional 103 shares during the last quarter. First Trust Advisors LP lifted its stake in Check Point Software Technologies by 17.4% in the 4th quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company’s stock worth $340,314,000 after purchasing an additional 269,925 shares in the last quarter. Finally, GeoWealth Management LLC grew its position in shares of Check Point Software Technologies by 6.9% during the fourth quarter. GeoWealth Management LLC now owns 3,033 shares of the technology company’s stock valued at $566,000 after purchasing an additional 196 shares in the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Down 3.5 %

Shares of NASDAQ:CHKP opened at $207.36 on Tuesday. The company has a market capitalization of $22.81 billion, a PE ratio of 27.76, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36. The business’s fifty day simple moving average is $221.52 and its 200-day simple moving average is $201.74.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CHKP shares. JPMorgan Chase & Co. raised Check Point Software Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $221.00 to $255.00 in a research note on Wednesday, February 26th. Compass Point set a $260.00 price target on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Baird R W raised shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Barclays upped 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 report on Thursday, January 30th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies has an average rating of “Moderate Buy” and an average price target of $235.50.

Check Point Software Technologies 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.