Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 23,619 shares of the technology company's stock after purchasing an additional 1,523 shares during the period. NewEdge Wealth LLC's holdings in Check Point Software Technologies were worth $4,410,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Argonautica Private Wealth Management Inc. increased its holdings 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 worth $1,121,000 after purchasing an additional 56 shares during the period. Regatta Capital Group LLC raised its holdings in Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company's stock valued at $229,000 after acquiring an additional 57 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in Check Point Software Technologies by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock worth $353,000 after acquiring an additional 57 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Finally, Strategic Investment Advisors MI grew its stake in shares of Check Point Software Technologies by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company's stock worth $423,000 after purchasing an additional 60 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHKP. The Goldman Sachs Group cut Check Point Software Technologies from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Jefferies Financial Group raised their price target on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a report on Thursday. Mizuho increased their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Robert W. Baird raised Check Point Software Technologies from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $235.00 to $255.00 in a report on Thursday. Finally, Baird R W raised Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday. Eighteen investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $224.86.

Check Point Software Technologies Stock Up 0.4 %

Shares of NASDAQ:CHKP traded up $0.83 during trading on Monday, hitting $221.09. 886,835 shares of the company traded hands, compared to its average volume of 906,634. The business's fifty day moving average is $201.38 and its 200-day moving average is $193.45. The stock has a market capitalization of $24.32 billion, a price-to-earnings ratio of 29.60, a PEG ratio of 3.41 and a beta of 0.65. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $226.02.

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.