Creative Financial Designs Inc. ADV Reduces Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Creative Financial Designs Inc. ADV lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 82.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,256 shares of the technology company's stock after selling 6,014 shares during the period. Creative Financial Designs Inc. ADV's holdings in Check Point Software Technologies were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHKP. Gitterman Wealth Management LLC grew its holdings in Check Point Software Technologies by 3.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock valued at $286,000 after purchasing an additional 48 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Check Point Software Technologies by 8.0% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,544 shares of the technology company's stock valued at $1,408,000 after purchasing an additional 559 shares during the last quarter. Natixis Advisors LLC grew its holdings in Check Point Software Technologies by 1.5% in the fourth quarter. Natixis Advisors LLC now owns 50,472 shares of the technology company's stock valued at $9,423,000 after purchasing an additional 746 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Check Point Software Technologies by 10.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 21,084 shares of the technology company's stock valued at $3,936,000 after purchasing an additional 2,006 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in Check Point Software Technologies by 87.9% in the fourth quarter. Avantax Advisory Services Inc. now owns 15,636 shares of the technology company's stock valued at $2,919,000 after purchasing an additional 7,314 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

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Analyst Upgrades and Downgrades

CHKP has been the topic of several research reports. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Robert W. Baird raised Check Point Software Technologies from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $235.00 to $255.00 in a research note on Thursday, February 27th. Jefferies Financial Group increased their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Finally, Mizuho increased their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Seventeen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $229.86.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP traded down $1.17 during mid-day trading on Friday, hitting $227.97. 1,071,844 shares of the company traded hands, compared to its average volume of 711,429. The firm has a market cap of $25.07 billion, a P/E ratio of 30.52, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $232.37. The firm's 50 day simple moving average is $213.13 and its 200 day simple moving average is $197.13.

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.