Stoneridge Investment Partners LLC Buys Shares of 4,287 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Stoneridge Investment Partners LLC acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,287 shares of the technology company's stock, valued at approximately $800,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CHKP. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the 3rd quarter worth approximately $27,000. Kathleen S. Wright Associates Inc. bought a new stake in Check Point Software Technologies during the 3rd quarter valued at about $33,000. GAMMA Investing LLC boosted its position in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after buying an additional 60 shares during the period. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the 4th quarter worth about $35,000. Finally, Concord Wealth Partners purchased a new position in shares of Check Point Software Technologies during the third quarter worth approximately $37,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CHKP. Truist Financial reiterated a "buy" rating and issued a $250.00 price target (up previously from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. UBS Group upped their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Citigroup raised their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Scotiabank upped their price objective on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the stock a "sector outperform" rating in a research note on Friday, January 31st. Finally, Guggenheim reiterated a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Nineteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $215.59.

Check Point Software Technologies Price Performance

NASDAQ CHKP traded down $1.66 during mid-day trading on Wednesday, hitting $216.86. The stock had a trading volume of 805,714 shares, compared to its average volume of 913,693. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $226.02. The firm's 50 day moving average is $193.11 and its 200 day moving average is $189.90. The stock has a market capitalization of $23.85 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 3.31 and a beta of 0.65.

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.