Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Sound Shore Management Inc. CT

Sound Shore Management Inc. CT raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 42.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 478,888 shares of the technology company's stock after purchasing an additional 142,328 shares during the quarter. Check Point Software Technologies accounts for approximately 3.0% of Sound Shore Management Inc. CT's holdings, making the stock its 10th largest holding. Sound Shore Management Inc. CT owned 0.44% of Check Point Software Technologies worth $89,408,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CHKP. Gitterman Wealth Management LLC lifted its position in Check Point Software Technologies by 3.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock worth $286,000 after buying an additional 48 shares in the last quarter. Argonautica Private Wealth Management Inc. raised its holdings in Check Point Software Technologies by 0.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company's stock worth $1,121,000 after acquiring an additional 56 shares in the last quarter. Regatta Capital Group LLC boosted its position in 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 valued at $229,000 after purchasing an additional 57 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in Check Point Software Technologies by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock valued at $353,000 after purchasing an additional 57 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

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Check Point Software Technologies Price Performance

Shares of CHKP stock traded up $2.53 on Tuesday, hitting $230.58. 545,607 shares of the company's stock were exchanged, compared to its average volume of 711,938. The company has a 50 day moving average of $214.99 and a 200 day moving average of $197.76. The stock has a market cap of $25.36 billion, a P/E ratio of 30.87, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $232.37.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHKP. Stifel Nicolaus lifted their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research note on Friday, January 31st. Barclays raised their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Piper Sandler upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their price target for the company from $220.00 to $260.00 in a research note on Monday, March 3rd. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $215.00 price objective on shares of Check Point Software Technologies in a report on Thursday, February 27th. Seventeen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Check Point Software Technologies has an average rating of "Hold" and an average target price of $229.86.

About Check Point Software Technologies

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.