McHugh Group LLC Buys New Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

McHugh Group LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,290 shares of the technology company's stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Choreo LLC raised its position in shares of Check Point Software Technologies by 16.1% in the 4th quarter. Choreo LLC now owns 2,388 shares of the technology company's stock worth $447,000 after buying an additional 332 shares during the period. Yousif Capital Management LLC raised its holdings in shares of Check Point Software Technologies by 1.7% in the 4th quarter. Yousif Capital Management LLC now owns 5,507 shares of the technology company's stock worth $1,028,000 after purchasing an additional 90 shares during the period. Caas Capital Management LP lifted its stake in shares of Check Point Software Technologies by 18.2% in the 4th quarter. Caas Capital Management LP now owns 14,300 shares of the technology company's stock valued at $2,670,000 after purchasing an additional 2,200 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of Check Point Software Technologies by 26.9% in the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company's stock valued at $90,976,000 after purchasing an additional 103,388 shares in the last quarter. Finally, S.A. Mason LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter worth about $140,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

Shares of CHKP stock traded up $2.76 on Monday, hitting $215.00. 1,038,452 shares of the stock traded hands, compared to its average volume of 892,262. The company's fifty day moving average is $191.83 and its 200 day moving average is $189.41. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $226.02. The company has a market capitalization of $23.65 billion, a PE ratio of 28.78, a PEG ratio of 3.31 and a beta of 0.65.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup boosted their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Stifel Nicolaus upped their price target on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Bank of America lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating and cut their price objective for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. The Goldman Sachs Group cut Check Point Software Technologies from a "buy" rating to a "neutral" rating and boosted their price objective for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Finally, Mizuho raised their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Nineteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $215.59.

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.