MML Investors Services LLC Grows Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

MML Investors Services LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 8.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 112,106 shares of the technology company's stock after purchasing an additional 8,599 shares during the period. MML Investors Services LLC owned 0.10% of Check Point Software Technologies worth $20,930,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CHKP. Barclays PLC raised its stake in Check Point Software Technologies by 6.0% in the third quarter. Barclays PLC now owns 80,432 shares of the technology company's stock valued at $15,507,000 after purchasing an additional 4,522 shares in the last quarter. Anchor Investment Management LLC grew its stake in Check Point Software Technologies by 8.2% in the 3rd quarter. Anchor Investment Management LLC now owns 5,985 shares of the technology company's stock worth $1,154,000 after buying an additional 455 shares in the last quarter. World Investment Advisors LLC purchased a new position in Check Point Software Technologies in the 3rd quarter worth approximately $5,546,000. Wilmington Savings Fund Society FSB purchased a new position in Check Point Software Technologies in the 3rd quarter worth approximately $187,000. Finally, Tidal Investments LLC grew its stake in Check Point Software Technologies by 3.1% in the 3rd quarter. Tidal Investments LLC now owns 40,686 shares of the technology company's stock worth $7,845,000 after buying an additional 1,224 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock traded down $2.33 during mid-day trading on Friday, reaching $206.55. 715,082 shares of the company traded hands, compared to its average volume of 773,523. The firm's 50 day moving average price is $220.45 and its 200 day moving average price is $201.96. The firm has a market capitalization of $22.72 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36.

Analyst Ratings Changes

A number of equities analysts have commented on CHKP shares. Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Compass Point set a $260.00 price target on shares of Check Point Software Technologies in a research note on Thursday, March 27th. Stifel Nicolaus boosted their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a report on Friday, January 31st. Finally, Barclays boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Eighteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $232.04.

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.