Raymond James Financial Inc. Takes $38.56 Million Position 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 206,524 shares of the technology company’s stock, valued at approximately $38,558,000. Raymond James Financial Inc. owned approximately 0.19% of Check Point Software Technologies as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Azimuth Capital Investment Management LLC boosted its holdings in Check Point Software Technologies by 0.4% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 23,604 shares of the technology company’s stock worth $4,407,000 after acquiring an additional 87 shares during the period. APG Asset Management N.V. lifted its stake in shares of Check Point Software Technologies by 30.7% in the fourth quarter. APG Asset Management N.V. now owns 173,303 shares of the technology company’s stock worth $31,246,000 after acquiring an additional 40,726 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Check Point Software Technologies by 34.9% in the fourth quarter. Advisory Services Network LLC now owns 6,360 shares of the technology company’s stock valued at $1,187,000 after purchasing an additional 1,645 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in Check Point Software Technologies during the 4th quarter worth approximately $76,000. Finally, Abacus FCF Advisors LLC purchased a new position in shares of Check Point Software Technologies during the 4th quarter valued at approximately $1,341,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $224.47 on Wednesday. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $234.36. The firm has a market capitalization of $24.69 billion, a P/E ratio of 30.05, a P/E/G ratio of 3.41 and a beta of 0.62. The company’s 50 day simple moving average is $221.73 and its 200 day simple moving average is $201.07.

Analysts Set New Price Targets

Several brokerages have recently commented on CHKP. Barclays increased their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Check Point Software Technologies in a research note on Monday, January 27th. Bank of America raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $230.00 to $260.00 in a report on Thursday, March 27th. Jefferies Financial Group lifted their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Arete Research upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, February 24th. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $236.13.

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.