Personal CFO Solutions LLC Makes New $231,000 Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Personal CFO Solutions LLC acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,235 shares of the technology company’s stock, valued at approximately $231,000.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can grew its stake in Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after buying an additional 20,866 shares during the period. Truist Financial Corp grew its stake in Check Point Software Technologies by 2.6% during the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock worth $22,311,000 after buying an additional 3,080 shares during the period. MML Investors Services LLC boosted its stake 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. Hickory Asset Management Inc. purchased a new position in shares of Check Point Software Technologies in the fourth quarter valued at $476,000. Finally, CIBC Asset Management Inc boosted its stake in shares of Check Point Software Technologies by 14.5% in the fourth quarter. CIBC Asset Management Inc now owns 9,589 shares of the technology company’s stock valued at $1,790,000 after purchasing an additional 1,215 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 2.1 %

CHKP stock opened at $225.27 on Tuesday. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $230.65. The firm’s 50-day simple moving average is $205.56 and its 200 day simple moving average is $194.97. The stock has a market cap of $24.78 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Analyst Ratings Changes

CHKP has been the subject of several analyst reports. Mizuho upped their target price on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Robert W. Baird upgraded shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the company from $235.00 to $255.00 in a research note on Thursday, February 27th. Truist Financial restated a “buy” rating and issued a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Check Point Software Technologies in a research note on Monday, January 27th. Seventeen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $224.86.

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.