Capital Insight Partners LLC Boosts Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Capital Insight Partners LLC boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,166 shares of the technology company's stock after acquiring an additional 1,647 shares during the quarter. Capital Insight Partners LLC's holdings in Check Point Software Technologies were worth $4,698,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at approximately $27,000. GAMMA Investing LLC grew its stake 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 in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of Check Point Software Technologies in the 3rd quarter valued at about $33,000. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies during the third quarter worth approximately $37,000. Finally, Exchange Traded Concepts LLC grew its position 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 valued at $44,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Analyst Ratings Changes

CHKP has been the topic of a number of research reports. BMO Capital Markets upped their price target on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the stock a "market perform" rating in a research note on Monday. JPMorgan Chase & Co. raised their price objective on Check Point Software Technologies from $207.00 to $221.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Citigroup upped their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. Finally, Guggenheim restated a "neutral" rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Nineteen analysts have rated the stock with a hold rating and six have given a 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 $215.59.

Check Point Software Technologies Stock Up 1.1 %

NASDAQ:CHKP traded up $2.38 on Wednesday, hitting $214.64. The stock had a trading volume of 668,276 shares, compared to its average volume of 856,800. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The business's 50-day simple moving average is $189.90 and its two-hundred day simple moving average is $188.55. The stock has a market cap of $23.61 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65.

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.