Philip James Wealth Mangement LLC Sells 1,684 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Philip James Wealth Mangement LLC lowered its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,793 shares of the technology company's stock after selling 1,684 shares during the period. Philip James Wealth Mangement LLC's holdings in Check Point Software Technologies were worth $1,828,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Copperleaf Capital LLC grew its holdings in Check Point Software Technologies by 4.1% in the fourth quarter. Copperleaf Capital LLC now owns 6,724 shares of the technology company's stock worth $1,255,000 after purchasing an additional 264 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $35,000. Allworth Financial LP grew its stake in shares of Check Point Software Technologies by 22.0% in the 4th quarter. Allworth Financial LP now owns 611 shares of the technology company's stock valued at $119,000 after buying an additional 110 shares during the period. Hickory Asset Management Inc. acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $476,000. Finally, Marks Group Wealth Management Inc acquired a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $497,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP traded down $4.33 during mid-day trading on Thursday, reaching $218.75. The stock had a trading volume of 716,069 shares, compared to its average volume of 904,175. The firm has a 50 day moving average price of $197.07 and a two-hundred day moving average price of $191.46. The stock has a market capitalization of $24.06 billion, a P/E ratio of 29.28, a P/E/G ratio of 3.43 and a beta of 0.65. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $226.02.

Analysts Set New Price Targets

A number of equities research analysts have commented on CHKP shares. Morgan Stanley raised their price objective on Check Point Software Technologies from $183.00 to $200.00 and gave the company an "equal weight" rating in a research note on Friday, January 31st. Scotiabank lifted their price target on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a "sector outperform" rating in a research report on Friday, January 31st. Truist Financial reiterated a "buy" rating and set a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Guggenheim reiterated a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Finally, Piper Sandler lifted their price target on Check Point Software Technologies from $185.00 to $195.00 and gave the company a "neutral" rating in a research note on Monday, January 6th. Nineteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus 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.