MIG Capital LLC Takes $335,000 Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

MIG Capital LLC acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,796 shares of the technology company's stock, valued at approximately $335,000.

A number of other large investors also recently modified their holdings of CHKP. World Investment Advisors lifted its stake in Check Point Software Technologies by 4.4% in the fourth quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock worth $5,609,000 after purchasing an additional 1,278 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Check Point Software Technologies by 2.6% in the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock worth $22,311,000 after buying an additional 3,080 shares during the period. Vestmark Advisory Solutions Inc. lifted its stake in shares of Check Point Software Technologies by 99.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock valued at $928,000 after acquiring an additional 2,478 shares during the last quarter. MML Investors Services LLC boosted its holdings in Check Point Software Technologies by 3.7% during the 3rd quarter. MML Investors Services LLC now owns 103,507 shares of the technology company's stock valued at $19,957,000 after acquiring 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 approximately $476,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts have weighed in on CHKP shares. Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Jefferies Financial Group increased their price target on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Truist Financial reissued a "buy" rating and set a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Royal Bank of Canada reiterated a "sector perform" rating and set a $215.00 target price on shares of Check Point Software Technologies in a report on Thursday, February 27th. Finally, Citigroup boosted their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a "neutral" rating in a research report on Friday, January 17th. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $236.13.

Check Point Software Technologies Stock Up 1.7 %

CHKP traded up $3.66 during trading hours on Friday, reaching $217.44. 426,116 shares of the company's stock traded hands, compared to its average volume of 760,793. The firm has a 50-day moving average price of $221.32 and a 200 day moving average price of $200.52. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36. The firm has a market capitalization of $23.92 billion, a PE ratio of 29.18, a PEG ratio of 3.41 and a beta of 0.62.

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.