Bradley Foster & Sargent Inc. CT Sells 130 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Bradley Foster & Sargent Inc. CT reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,071 shares of the technology company’s stock after selling 130 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Check Point Software Technologies were worth $947,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CHKP. FSA Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth $27,000. GAMMA Investing LLC boosted its holdings in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth $35,000. Strategic Financial Concepts LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth $35,000. Finally, Concord Wealth Partners bought a new stake in Check Point Software Technologies during the third quarter valued at $37,000. 98.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Morgan Stanley upped their target price on Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Evercore ISI upped 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 research report on Wednesday, October 30th. Royal Bank of Canada raised their target price on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Stifel Nicolaus boosted their price target on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Finally, BMO Capital Markets increased their price target 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. Nineteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and an average target price of $216.95.

Check Point Software Technologies Stock Down 1.0 %

NASDAQ:CHKP opened at $216.80 on Friday. The firm has a market capitalization of $23.84 billion, a P/E ratio of 29.02, a P/E/G ratio of 3.41 and a beta of 0.65. The company has a fifty day moving average of $198.23 and a 200 day moving average of $191.95. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.02.

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.