Meriwether Wealth & Planning LLC Invests $216,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Meriwether Wealth & Planning LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 1,157 shares of the technology company’s stock, valued at approximately $216,000.

A number of other hedge funds also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake 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 acquiring an additional 464,821 shares during the period. World Investment Advisors LLC bought a new stake in Check Point Software Technologies in the 3rd quarter valued at about $51,922,000. FMR LLC raised its stake 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 acquiring an additional 252,581 shares during the period. Raymond James Financial Inc. bought a new stake in Check Point Software Technologies in the 4th quarter valued at about $38,558,000. Finally, Boston Trust Walden Corp raised its stake 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 acquiring an additional 103,388 shares during the period. 98.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CHKP has been the topic of a number of research reports. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. 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. Piper Sandler upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the company from $220.00 to $260.00 in a research report on Monday, March 3rd. Citigroup upped their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Finally, Stifel Nicolaus upped their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Seventeen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus target price of $224.86.

Check Point Software Technologies Price Performance

Shares of CHKP opened at $230.20 on Monday. The firm has a market cap of $25.32 billion, a P/E ratio of 30.82, a P/E/G ratio of 3.41 and a beta of 0.62. The stock has a 50 day simple moving average of $204.80 and a two-hundred day simple moving average of $194.73. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $230.65.

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.