Proficio Capital Partners LLC bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 74,120 shares of the technology company's stock, valued at approximately $13,838,000. Proficio Capital Partners LLC owned about 0.07% of Check Point Software Technologies as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Atria Investments Inc raised its position in shares of Check Point Software Technologies by 6.6% during the 4th quarter. Atria Investments Inc now owns 31,090 shares of the technology company's stock valued at $5,805,000 after acquiring an additional 1,923 shares during the last quarter. Assetmark Inc. increased its position in shares of Check Point Software Technologies by 44.1% in the 4th quarter. Assetmark Inc. now owns 140,943 shares of the technology company's stock valued at $26,314,000 after buying an additional 43,165 shares in the last quarter. Synergy Investment Management LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at $457,000. Jones Financial Companies Lllp increased its position in shares of Check Point Software Technologies by 29.8% in the 4th quarter. Jones Financial Companies Lllp now owns 65,537 shares of the technology company's stock valued at $12,236,000 after buying an additional 15,049 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Check Point Software Technologies by 129.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 462 shares of the technology company's stock valued at $87,000 after buying an additional 261 shares in the last quarter. Institutional investors own 98.51% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently commented on CHKP shares. Susquehanna upped their price objective on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a "positive" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $221.00 to $255.00 in a research report on Wednesday, February 26th. Robert W. Baird upgraded shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Jefferies Financial Group upped their price objective 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. Finally, Guggenheim reiterated a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Eighteen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $228.78.
View Our Latest Stock Analysis on Check Point Software Technologies
Check Point Software Technologies Stock Performance
NASDAQ:CHKP traded down $0.64 during mid-day trading on Tuesday, hitting $229.75. The stock had a trading volume of 797,487 shares, compared to its average volume of 705,121. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $235.13. The stock has a market cap of $25.27 billion, a price-to-earnings ratio of 30.76, a PEG ratio of 3.41 and a beta of 0.62. The company's 50 day simple moving average is $209.39 and its 200 day simple moving average is $196.11.
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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