2,664 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,664 shares of the technology company's stock, valued at approximately $497,000.

A number of other large investors have also added to or reduced their stakes in the stock. Bleakley Financial Group LLC raised its stake in shares of Check Point Software Technologies by 3.3% in the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company's stock worth $346,000 after purchasing an additional 57 shares during the last quarter. Regatta Capital Group LLC raised its stake in shares of Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company's stock worth $229,000 after purchasing an additional 57 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Check Point Software Technologies by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock worth $353,000 after acquiring an additional 57 shares during the period. GAMMA Investing LLC grew its holdings in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after acquiring an additional 60 shares during the period. Finally, Strategic Investment Advisors MI grew its holdings in shares of Check Point Software Technologies by 2.7% in the fourth quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company's stock worth $423,000 after acquiring an additional 60 shares during the period. Hedge funds and other institutional investors own 98.51% of the company's stock.

Analyst Upgrades and Downgrades

CHKP has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. UBS Group lifted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Royal Bank of Canada boosted their price target on Check Point Software Technologies from $187.00 to $215.00 and gave the company a "sector perform" rating in a report on Friday, January 31st. The Goldman Sachs Group lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating and boosted their price target for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Finally, Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Nineteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $215.59.

Check Point Software Technologies Price Performance

Shares of CHKP traded up $0.97 during mid-day trading on Friday, reaching $222.09. 674,681 shares of the company's stock traded hands, compared to its average volume of 853,128. The stock has a market cap of $24.43 billion, a P/E ratio of 29.73, a P/E/G ratio of 3.31 and a beta of 0.65. The stock's 50-day moving average is $195.01 and its two-hundred day moving average is $190.63. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $226.02.

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.