1,802 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Bought by Kestra Investment Management LLC

Kestra Investment Management LLC bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,802 shares of the technology company’s stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CHKP. Bleakley Financial Group LLC raised its holdings in shares of Check Point Software Technologies by 3.3% in the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock valued at $346,000 after acquiring an additional 57 shares in the last quarter. Regatta Capital Group LLC increased its position in Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after purchasing an additional 57 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of Check Point Software Technologies by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after purchasing an additional 57 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Finally, Strategic Investment Advisors MI raised its stake in Check Point Software Technologies by 2.7% in the fourth quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock worth $423,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 1.1 %

Shares of NASDAQ:CHKP opened at $222.92 on Thursday. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $226.02. The company has a market cap of $24.52 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 3.46 and a beta of 0.65. The company’s 50 day moving average is $196.37 and its 200 day moving average is $191.24.

Wall Street Analyst Weigh In

CHKP has been the topic of several recent research reports. Citigroup increased their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Truist Financial reaffirmed a “buy” rating and set a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. Evercore ISI raised their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a research report on Monday, January 27th. Nineteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $215.59.

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.