Marshall Wace LLP Has $20.96 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Marshall Wace LLP boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 129.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,286 shares of the technology company's stock after buying an additional 63,417 shares during the quarter. Marshall Wace LLP owned 0.10% of Check Point Software Technologies worth $20,964,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CHKP. Nemes Rush Group LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth $25,000. GAMMA Investing LLC lifted 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 valued at $32,000 after buying an additional 60 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies in the fourth quarter worth approximately $35,000. Exchange Traded Concepts LLC boosted its holdings in 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 in the last quarter. Finally, Iron Horse Wealth Management LLC increased its holdings in shares of Check Point Software Technologies by 370.6% during the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company's stock valued at $45,000 after acquiring an additional 189 shares during the last quarter. Institutional investors own 98.51% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Robert W. Baird raised shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $235.00 to $255.00 in a report on Thursday, February 27th. Bank of America upgraded Check Point Software Technologies from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $230.00 to $260.00 in a research note on Thursday, March 27th. The Goldman Sachs Group lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating and upped their price target for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Scotiabank decreased their target price on Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating on the stock in a research report on Thursday. Finally, Stephens lowered their price target on shares of Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating on the stock in a report on Thursday. Eighteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Check Point Software Technologies has an average rating of "Hold" and an average target price of $232.04.

Check Point Software Technologies Trading Down 0.8 %

Shares of NASDAQ CHKP traded down $1.61 during mid-day trading on Friday, reaching $207.28. 301,251 shares of the company's stock were exchanged, compared to its average volume of 777,010. The firm has a market capitalization of $22.80 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 3.41 and a beta of 0.62. The business has a fifty day simple moving average of $220.73 and a 200 day simple moving average of $201.95. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36.

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.