Strategic Financial Concepts LLC Invests $35,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Strategic Financial Concepts LLC bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,670 shares of the technology company's stock, valued at approximately $35,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its position in shares of Check Point Software Technologies by 10.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company's stock valued at $354,153,000 after acquiring an additional 177,104 shares during the last quarter. FMR LLC raised its holdings in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company's stock valued at $218,488,000 after buying an additional 252,581 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company's stock valued at $211,105,000 after buying an additional 464,821 shares during the period. Boston Trust Walden Corp raised its holdings in Check Point Software Technologies by 26.9% in the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company's stock valued at $90,976,000 after buying an additional 103,388 shares during the period. Finally, Swedbank AB raised its holdings in Check Point Software Technologies by 1.1% in the 4th quarter. Swedbank AB now owns 428,042 shares of the technology company's stock valued at $79,915,000 after buying an additional 4,760 shares during the period. Institutional investors and hedge funds own 98.51% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CHKP. Susquehanna boosted 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 report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Check Point Software Technologies from $207.00 to $221.00 and gave the company a "neutral" rating in a report on Friday, January 31st. UBS Group boosted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Evercore ISI boosted their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Finally, Guggenheim reiterated a "neutral" rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Nineteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of "Hold" and a consensus target price of $215.59.

Check Point Software Technologies Stock Up 0.4 %

CHKP traded up $0.97 on Friday, reaching $222.09. The company's stock had a trading volume of 674,681 shares, compared to its average volume of 853,128. The stock has a 50 day moving average of $195.01 and a two-hundred day moving average of $190.63. The company has a market capitalization of $24.43 billion, a price-to-earnings ratio of 29.73, a P/E/G ratio of 3.31 and a beta of 0.65. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $226.02.

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.