Meriwether Wealth & Planning LLC Takes Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Meriwether Wealth & Planning LLC purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,157 shares of the technology company's stock, valued at approximately $216,000.

Other large investors have also recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies during the 3rd quarter valued at $27,000. GAMMA Investing LLC increased its position 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 valued at $32,000 after acquiring an additional 60 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter valued at about $35,000. Strategic Financial Concepts LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $35,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock worth $44,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

CHKP stock traded down $3.09 during trading on Thursday, hitting $214.90. 1,341,857 shares of the stock traded hands, compared to its average volume of 1,000,768. The stock has a market cap of $23.64 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $230.65. The firm's 50 day moving average is $206.90 and its two-hundred day moving average is $195.36.

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Analyst Ratings Changes

Several equities research analysts have weighed in on CHKP shares. Truist Financial reiterated a "buy" rating and issued a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Piper Sandler raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $220.00 to $260.00 in a research note on Monday, March 3rd. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $221.00 to $255.00 in a report on Wednesday, February 26th. Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Finally, Baird R W raised shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Eighteen research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $224.86.

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.