Crux Wealth Advisors Purchases Shares of 2,905 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Crux Wealth Advisors purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,905 shares of the technology company's stock, valued at approximately $542,000.

A number of other institutional investors have also recently added to or reduced their stakes in CHKP. Nemes Rush Group LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $25,000. GAMMA Investing LLC raised its position 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. Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth approximately $35,000. Strategic Financial Concepts LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter worth $35,000. Finally, Exchange Traded Concepts LLC raised its holdings in Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after acquiring an additional 137 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Trading Up 0.2 %

Check Point Software Technologies stock traded up $0.49 on Thursday, reaching $215.43. 374,376 shares of the stock were exchanged, compared to its average volume of 764,924. The stock has a market cap of $23.69 billion, a PE ratio of 28.88, a PEG ratio of 3.41 and a beta of 0.62. The firm has a fifty day moving average price of $221.79 and a two-hundred day moving average price of $201.17. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36.

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Analyst Ratings Changes

Several brokerages have weighed in on CHKP. Piper Sandler raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Mizuho increased their target price on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Wells Fargo & Company upgraded Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $200.00 to $280.00 in a report on Friday, March 14th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $215.00 price objective on shares of Check Point Software Technologies in a report on Thursday, February 27th. Fifteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $235.50.

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.