McHugh Group LLC Makes New $241,000 Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

McHugh Group LLC purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 1,290 shares of the technology company’s stock, valued at approximately $241,000.

Other large investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new position in Check Point Software Technologies in the third quarter valued at approximately $27,000. Kathleen S. Wright Associates Inc. bought a new position in Check Point Software Technologies during the 3rd quarter worth $33,000. GAMMA Investing LLC increased its position in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares during the period. Concord Wealth Partners bought a new stake in Check Point Software Technologies in the third quarter valued at $37,000. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after acquiring an additional 137 shares during the period. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $216.99 on Thursday. The company has a 50 day simple moving average of $189.90 and a 200-day simple moving average of $188.55. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 29.05, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Stifel Nicolaus raised their price target on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. Truist Financial reissued a “buy” rating and set a $250.00 price target (up from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Barclays increased their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Finally, Mizuho boosted their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Nineteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average 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.