Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stake Lifted by Advisory Services Network LLC

Advisory Services Network LLC raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 34.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,360 shares of the technology company's stock after buying an additional 1,645 shares during the quarter. Advisory Services Network LLC's holdings in Check Point Software Technologies were worth $1,187,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Nemes Rush Group LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth $25,000. GAMMA Investing LLC grew its holdings 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 purchasing an additional 60 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter valued at $35,000. Strategic Financial Concepts LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $35,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock worth $44,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

Shares of CHKP stock traded up $0.02 during trading hours on Friday, reaching $214.96. The stock had a trading volume of 824,648 shares, compared to its average volume of 767,065. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The firm has a market capitalization of $23.64 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The firm has a 50-day simple moving average of $221.79 and a 200-day simple moving average of $201.32.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CHKP. Barclays boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. UBS Group raised 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. Citigroup upped 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 research report on Friday, January 17th. The Goldman Sachs Group lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating and raised their price objective for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. Finally, Stephens assumed coverage on Check Point Software Technologies in a report on Tuesday, April 1st. They issued an "equal weight" rating and a $255.00 price target for the company. Fifteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies has an average rating of "Moderate Buy" and a consensus target price of $235.50.

Check Point Software Technologies Company 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.