Allred Capital Management LLC Makes New Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Allred Capital Management LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,898 shares of the technology company's stock, valued at approximately $541,000.

Several other institutional investors also recently bought and sold shares of the business. Barclays PLC raised its holdings in shares of Check Point Software Technologies by 6.0% during the third quarter. Barclays PLC now owns 80,432 shares of the technology company's stock valued at $15,507,000 after acquiring an additional 4,522 shares during the last quarter. Anchor Investment Management LLC increased its position in shares of Check Point Software Technologies by 8.2% during the 3rd quarter. Anchor Investment Management LLC now owns 5,985 shares of the technology company's stock worth $1,154,000 after purchasing an additional 455 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Check Point Software Technologies in the 3rd quarter worth approximately $5,546,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at $187,000. Finally, Tidal Investments LLC boosted its holdings in Check Point Software Technologies by 3.1% during the 3rd quarter. Tidal Investments LLC now owns 40,686 shares of the technology company's stock valued at $7,845,000 after acquiring an additional 1,224 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP traded down $11.82 during trading on Wednesday, reaching $200.49. The company had a trading volume of 1,338,441 shares, compared to its average volume of 774,170. The firm's fifty day moving average is $221.35 and its 200 day moving average is $201.82. The firm has a market capitalization of $22.05 billion, a PE ratio of 26.84, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36.

Analysts Set New Price Targets

CHKP has been the subject of several research reports. UBS Group boosted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock 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 report on Monday, January 27th. Citigroup lifted their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Jefferies Financial Group lifted their target price on shares of 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. Finally, Robert W. Baird raised shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Sixteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $234.68.

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.