Commonwealth Equity Services LLC Grows Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Commonwealth Equity Services LLC lifted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,084 shares of the technology company’s stock after purchasing an additional 2,006 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Check Point Software Technologies were worth $3,936,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CHKP. Argonautica Private Wealth Management Inc. lifted its position in Check Point Software Technologies by 0.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock valued at $1,121,000 after purchasing an additional 56 shares during the last quarter. Regatta Capital Group LLC grew its position in Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after acquiring an additional 57 shares in the last quarter. Kingsview Wealth Management LLC grew its position in Check Point Software Technologies by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after acquiring an additional 57 shares in the last quarter. GAMMA Investing LLC increased its stake in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. Finally, Strategic Investment Advisors MI raised its position in Check Point Software Technologies by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock valued at $423,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Piper Sandler upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $220.00 to $260.00 in a research report on Monday, March 3rd. Arete Research raised shares of Check Point Software Technologies to a “hold” rating in a research note on Monday, February 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Finally, Truist Financial reaffirmed a “buy” rating and set a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Seventeen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $229.86.

Check Point Software Technologies Stock Up 0.0 %

NASDAQ CHKP opened at $228.05 on Tuesday. The firm has a market capitalization of $25.08 billion, a PE ratio of 30.53, a P/E/G ratio of 3.41 and a beta of 0.62. The stock’s 50 day moving average is $214.04 and its 200 day moving average is $197.46. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $232.37.

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.