Atria Investments Inc Increases Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Atria Investments Inc lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,090 shares of the technology company's stock after purchasing an additional 1,923 shares during the period. Atria Investments Inc's holdings in Check Point Software Technologies were worth $5,805,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new position in Check Point Software Technologies during the third quarter valued at $27,000. GAMMA Investing LLC lifted its position in Check Point Software Technologies by 53.1% during the 4th 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 period. Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies during the fourth quarter worth about $35,000. Exchange Traded Concepts LLC boosted its stake in Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock worth $44,000 after acquiring an additional 137 shares in the last quarter. Finally, Iron Horse Wealth Management LLC grew its holdings in Check Point Software Technologies by 370.6% in the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company's stock worth $45,000 after purchasing an additional 189 shares during the period. Institutional investors own 98.51% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several analysts recently weighed in on the company. The Goldman Sachs Group downgraded Check Point Software Technologies from a "buy" rating to a "neutral" rating and upped their price target for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. BMO Capital Markets raised their price target on Check Point Software Technologies from $215.00 to $245.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. Morgan Stanley upped their price target on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Friday, January 31st. Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Finally, Baird R W raised shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Seventeen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $224.86.

Check Point Software Technologies Trading Down 2.1 %

NASDAQ CHKP traded down $4.93 on Monday, hitting $225.27. 2,433,793 shares of the company traded hands, compared to its average volume of 989,204. The business's 50 day moving average price is $204.80 and its 200-day moving average price is $194.73. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $230.65. The company has a market capitalization of $24.78 billion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 3.41 and a beta of 0.62.

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.