Maia Wealth LLC Has $1.96 Million Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Maia Wealth LLC grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 21.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,869 shares of the technology company's stock after acquiring an additional 1,744 shares during the quarter. Maia Wealth LLC's holdings in Check Point Software Technologies were worth $1,956,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CHKP. Bank of Montreal Can grew its position in shares of Check Point Software Technologies by 32.2% in the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company's stock valued at $16,532,000 after purchasing an additional 20,866 shares during the period. CWA Asset Management Group LLC bought a new stake in shares of Check Point Software Technologies during the third quarter worth $1,599,000. Truist Financial Corp raised its holdings in shares of Check Point Software Technologies by 2.6% during the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock worth $22,311,000 after acquiring an additional 3,080 shares during the period. MML Investors Services LLC boosted its stake in Check Point Software Technologies by 3.7% in the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company's stock worth $19,957,000 after purchasing an additional 3,655 shares during the period. Finally, Hickory Asset Management Inc. bought a new position in Check Point Software Technologies during the 4th quarter worth about $476,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CHKP shares. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $221.00 to $255.00 in a report on Wednesday, February 26th. Piper Sandler raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $220.00 to $260.00 in a research report on Monday. Robert W. Baird upgraded shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $235.00 to $255.00 in a research note on Thursday, February 27th. Scotiabank increased their price objective on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 31st. Finally, Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Eighteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $224.86.

Check Point Software Technologies Stock Up 0.2 %

Shares of Check Point Software Technologies stock traded up $0.38 during trading on Wednesday, reaching $221.60. The company's stock had a trading volume of 1,026,634 shares, compared to its average volume of 923,901. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.02. The firm has a market cap of $24.37 billion, a PE ratio of 29.67, a P/E/G ratio of 3.41 and a beta of 0.65. The business's 50-day moving average price is $202.66 and its 200-day moving average price is $193.95.

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.