Commonwealth Equity Services LLC Buys 2,006 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Commonwealth Equity Services LLC boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,084 shares of the technology company's stock after acquiring an additional 2,006 shares during the period. Commonwealth Equity Services LLC's holdings in Check Point Software Technologies were worth $3,936,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pathstone Holdings LLC grew its holdings in shares of Check Point Software Technologies by 138.3% during the 3rd quarter. Pathstone Holdings LLC now owns 19,232 shares of the technology company's stock worth $3,708,000 after purchasing an additional 11,160 shares in the last quarter. Cerity Partners LLC grew its position in Check Point Software Technologies by 34.2% in the third quarter. Cerity Partners LLC now owns 5,304 shares of the technology company's stock valued at $1,023,000 after acquiring an additional 1,353 shares during the period. Kingsview Wealth Management LLC raised its stake in Check Point Software Technologies by 9.0% during the third quarter. Kingsview Wealth Management LLC now owns 1,834 shares of the technology company's stock worth $354,000 after acquiring an additional 152 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Check Point Software Technologies by 21.5% during the third quarter. Larson Financial Group LLC now owns 1,087 shares of the technology company's stock valued at $210,000 after acquiring an additional 192 shares during the period. Finally, Centaurus Financial Inc. boosted its stake in shares of Check Point Software Technologies by 36.4% in the 3rd quarter. Centaurus Financial Inc. now owns 2,543 shares of the technology company's stock valued at $490,000 after purchasing an additional 678 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CHKP. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday, January 27th. The Goldman Sachs Group downgraded Check Point Software Technologies from a "buy" rating to a "neutral" rating and upped their price objective for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Piper Sandler upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $220.00 to $260.00 in a research report on Monday, March 3rd. StockNews.com upgraded Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Friday. Finally, BMO Capital Markets raised their target price on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Seventeen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $229.86.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock traded up $2.53 during mid-day trading on Tuesday, hitting $230.58. 545,607 shares of the company's stock traded hands, compared to its average volume of 711,063. The firm has a 50 day simple moving average of $214.04 and a two-hundred day simple moving average of $197.46. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of 30.87, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $232.37.

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.