Kentucky Trust Co Buys Shares of 2,140 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Kentucky Trust Co acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,140 shares of the technology company's stock, valued at approximately $400,000.

Several other institutional investors and hedge funds have also bought and sold shares of CHKP. Bank of Montreal Can boosted its holdings in shares of Check Point Software Technologies by 32.2% in the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company's stock worth $16,532,000 after acquiring an additional 20,866 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth $1,599,000. MML Investors Services LLC boosted its holdings in shares of Check Point Software Technologies by 3.7% in the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company's stock worth $19,957,000 after acquiring an additional 3,655 shares during the period. McHugh Group LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth $241,000. Finally, Martin Investment Management LLC boosted its holdings in shares of Check Point Software Technologies by 2.0% in the third quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company's stock worth $31,497,000 after acquiring an additional 3,225 shares during the period. 98.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CHKP has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the company a "hold" rating in a research note on Friday, January 31st. Cantor Fitzgerald reissued a "neutral" rating and set a $200.00 price objective on shares of Check Point Software Technologies in a research note on Monday, January 27th. Citigroup raised their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their price target on Check Point Software Technologies from $207.00 to $221.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group raised their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Nineteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of "Hold" and a consensus target price of $215.59.

Check Point Software Technologies Price Performance

NASDAQ CHKP traded up $0.97 during mid-day trading on Friday, reaching $222.09. The stock had a trading volume of 674,681 shares, compared to its average volume of 853,128. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $226.02. The stock has a market cap of $24.43 billion, a PE ratio of 29.73, a price-to-earnings-growth ratio of 3.31 and a beta of 0.65. The company has a fifty day moving average price of $195.01 and a 200 day moving average price of $190.57.

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.