Paradigm Asset Management Co. LLC Buys New Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Paradigm Asset Management Co. LLC bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,600 shares of the technology company’s stock, valued at approximately $859,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CHKP. Bank of Montreal Can raised its position in Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock valued at $16,532,000 after purchasing an additional 20,866 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at $1,599,000. MML Investors Services LLC boosted its position in Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after buying an additional 3,655 shares during the period. McHugh Group LLC purchased a new stake in Check Point Software Technologies during the fourth quarter valued at about $241,000. Finally, Strategic Financial Concepts LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $35,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CHKP shares. Citigroup increased their target price on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. The Goldman Sachs Group lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. BMO Capital Markets increased their target price on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday, January 27th. Finally, Evercore ISI raised their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Nineteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $215.59.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $218.75 on Friday. The stock has a market capitalization of $24.06 billion, a PE ratio of 29.28, a P/E/G ratio of 3.48 and a beta of 0.65. The business has a 50 day simple moving average of $197.65 and a two-hundred day simple moving average of $191.65. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $226.02.

Check Point Software Technologies Company 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.