Steward Partners Investment Advisory LLC Sells 502 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Steward Partners Investment Advisory LLC trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,079 shares of the technology company’s stock after selling 502 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Check Point Software Technologies were worth $3,189,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the 3rd quarter worth about $27,000. GAMMA Investing LLC increased its stake in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies in the fourth quarter worth about $35,000. Strategic Financial Concepts LLC purchased a new position in Check Point Software Technologies in the fourth quarter worth about $35,000. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after buying an additional 137 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CHKP shares. BMO Capital Markets boosted their price objective on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Barclays increased their price objective on 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. Piper Sandler upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Finally, Truist Financial restated a “buy” rating and set a $250.00 target price (up previously from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Seventeen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $224.86.

Check Point Software Technologies Trading Up 3.0 %

Shares of NASDAQ:CHKP opened at $230.20 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $230.65. The company has a market cap of $25.32 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The stock has a 50 day moving average of $204.80 and a 200 day moving average of $194.65.

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.