Intellectus Partners LLC Buys Shares of 1,500 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Intellectus Partners LLC bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,500 shares of the technology company's stock, valued at approximately $280,000.

A number of other large investors also recently made changes to their positions in the business. Argonautica Private Wealth Management Inc. raised its stake in Check Point Software Technologies by 0.9% during the 4th 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 increased its holdings in shares of 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 worth $229,000 after purchasing an additional 57 shares during the period. Kingsview Wealth Management LLC raised its position in shares of Check Point Software Technologies by 3.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock valued at $353,000 after buying an additional 57 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 valued at $32,000 after buying an additional 60 shares during the period. Finally, Strategic Investment Advisors MI lifted its stake in shares of 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 valued at $423,000 after buying an additional 60 shares during the period. Institutional investors and hedge funds own 98.51% of the company's stock.

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Check Point Software Technologies Trading Down 2.0 %

Check Point Software Technologies stock traded down $4.40 during mid-day trading on Wednesday, hitting $217.99. The stock had a trading volume of 1,250,075 shares, compared to its average volume of 993,512. The stock has a market capitalization of $23.98 billion, a PE ratio of 29.18, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $230.65. The stock has a 50-day simple moving average of $206.28 and a two-hundred day simple moving average of $195.20.

Analyst Ratings Changes

CHKP has been the subject of several research reports. Robert W. Baird raised Check Point Software Technologies from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $235.00 to $255.00 in a research report on Thursday, February 27th. UBS Group upped their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. Barclays lifted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a report on Thursday, January 30th. Finally, Baird R W raised Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Seventeen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $224.86.

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.