Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,260 shares of the technology company’s stock after buying an additional 944 shares during the period. Global Retirement Partners LLC’s holdings in Check Point Software Technologies were worth $1,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in Check Point Software Technologies by 32.2% during the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock valued at $16,532,000 after buying an additional 20,866 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Check Point Software Technologies in the third quarter valued at about $1,599,000. MML Investors Services LLC increased its holdings in shares of Check Point Software Technologies by 3.7% in the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after purchasing an additional 3,655 shares during the period. McHugh Group LLC acquired a new position in shares of Check Point Software Technologies in the fourth quarter valued at about $241,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Check Point Software Technologies in the fourth quarter valued at about $35,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHKP has been the topic of a number of research reports. Truist Financial reissued a “buy” rating and issued a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Morgan Stanley increased their price objective on Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. BMO Capital Markets increased their price objective on Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Finally, Stifel Nicolaus upped 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. 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 MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Trading Down 1.9 %

Shares of CHKP stock opened at $218.75 on Friday. The company has a market capitalization of $24.06 billion, a P/E ratio of 29.28, a P/E/G ratio of 3.43 and a beta of 0.65. The business’s 50 day moving average is $197.07 and its two-hundred day moving average is $191.46. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $226.02.

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.