CIBC Private Wealth Group LLC Has $80.05 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

CIBC Private Wealth Group LLC increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 436,961 shares of the technology company's stock after purchasing an additional 11,284 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.40% of Check Point Software Technologies worth $80,047,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the third quarter worth $27,000. GAMMA Investing LLC increased its stake in 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 buying an additional 60 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies during the 4th quarter worth about $35,000. Exchange Traded Concepts LLC lifted its position in 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 in the last quarter. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of Check Point Software Technologies by 370.6% during the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company's stock worth $45,000 after buying an additional 189 shares during the last quarter. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

NASDAQ:CHKP traded down $8.50 during trading hours on Friday, reaching $215.52. 1,263,663 shares of the company were exchanged, compared to its average volume of 744,356. The business has a 50 day moving average of $220.78 and a 200 day moving average of $199.64. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.36. The company has a market capitalization of $23.70 billion, a P/E ratio of 28.85, a P/E/G ratio of 3.41 and a beta of 0.62.

Analysts Set New Price Targets

Several research firms recently issued reports on CHKP. Arete Research upgraded Check Point Software Technologies to a "hold" rating in a report on Monday, February 24th. Stifel Nicolaus upped their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Barclays raised their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Bank of America raised shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and upped their price target for the stock from $230.00 to $260.00 in a research report on Thursday, March 27th. Finally, Morgan Stanley assumed coverage on shares of Check Point Software Technologies in a research report on Tuesday, March 18th. They issued an "equal weight" rating and a $235.00 price objective for the company. Sixteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $236.13.

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.