Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 19.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,383 shares of the technology company’s stock after acquiring an additional 544 shares during the period. Pacer Advisors Inc.’s holdings in Check Point Software Technologies were worth $632,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the 3rd quarter worth $27,000. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 60 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Check Point Software Technologies during the 3rd quarter worth $33,000. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies during the 3rd quarter worth $37,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of 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 buying an additional 137 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $213.87 on Tuesday. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $226.02. The company’s 50-day simple moving average is $188.67 and its 200-day simple moving average is $187.97. The stock has a market capitalization of $23.52 billion, a price-to-earnings ratio of 28.63, a PEG ratio of 3.41 and a beta of 0.63.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHKP. Piper Sandler upped their price objective on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Guggenheim restated a “neutral” rating on shares of Check Point Software Technologies in a report on Friday. Citigroup upped their price target on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Friday. Finally, Mizuho upped their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Nineteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $215.59.

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.