Bernard Wealth Management Corp. Makes New $76,000 Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Bernard Wealth Management Corp. purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 409 shares of the technology company’s stock, valued at approximately $76,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Verition Fund Management LLC purchased a new stake in Check Point Software Technologies in the third quarter valued at about $493,000. Janus Henderson Group PLC raised its position in shares of Check Point Software Technologies by 4.2% in the 3rd quarter. Janus Henderson Group PLC now owns 18,004 shares of the technology company’s stock valued at $3,471,000 after purchasing an additional 727 shares during the last quarter. Wellington Management Group LLP boosted its stake in Check Point Software Technologies by 180.3% in the 3rd quarter. Wellington Management Group LLP now owns 13,433 shares of the technology company’s stock worth $2,590,000 after purchasing an additional 8,641 shares in the last quarter. XTX Topco Ltd acquired a new stake in Check Point Software Technologies in the 3rd quarter worth approximately $680,000. Finally, Orion Portfolio Solutions LLC grew its position in Check Point Software Technologies by 1.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,328 shares of the technology company’s stock worth $3,148,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CHKP shares. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $221.00 to $255.00 in a research note on Wednesday, February 26th. Jefferies Financial Group raised their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Wells Fargo & Company raised Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $200.00 to $280.00 in a report on Friday, March 14th. Finally, Citigroup increased their price target 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. Sixteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $236.13.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $213.76 on Tuesday. The business has a fifty day moving average price of $221.10 and a 200 day moving average price of $199.93. The company has a market cap of $23.51 billion, a P/E ratio of 28.62, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36.

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.