Meitav Investment House Ltd. increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 196,267 shares of the technology company's stock after acquiring an additional 19,818 shares during the quarter. Meitav Investment House Ltd. owned about 0.18% of Check Point Software Technologies worth $36,618,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bleakley Financial Group LLC boosted its position in shares of Check Point Software Technologies by 3.3% during the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company's stock worth $346,000 after acquiring an additional 57 shares during the last quarter. Regatta Capital Group LLC boosted its position in shares of Check Point Software Technologies by 4.9% during the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company's stock worth $229,000 after acquiring an additional 57 shares during the last quarter. Kingsview Wealth Management LLC boosted its position in shares of Check Point Software Technologies by 3.1% during 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 last quarter. GAMMA Investing LLC boosted its position in shares of Check Point Software Technologies by 53.1% during 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 last quarter. Finally, Strategic Investment Advisors MI boosted its position in shares of Check Point Software Technologies by 2.7% during 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 last quarter. Institutional investors own 98.51% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Check Point Software Technologies from $207.00 to $221.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. UBS Group increased their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Barclays increased their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a research report on Thursday, January 30th. Piper Sandler increased their price objective on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a "neutral" rating in a research report on Monday, January 6th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 price objective on shares of Check Point Software Technologies in a research report on Monday, January 27th. Nineteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $215.59.
Get Our Latest Stock Report on Check Point Software Technologies
Check Point Software Technologies Stock Down 1.0 %
CHKP stock traded down $2.25 during trading on Friday, hitting $216.80. The company had a trading volume of 1,270,519 shares, compared to its average volume of 914,943. The firm has a market capitalization of $23.84 billion, a P/E ratio of 29.02, a PEG ratio of 3.48 and a beta of 0.65. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The company has a 50 day simple moving average of $197.65 and a 200-day simple moving average of $191.65.
About Check Point Software Technologies
(
Free Report)
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.
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