Martin Investment Management LLC Has $29.23 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Martin Investment Management LLC lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 156,552 shares of the technology company’s stock after selling 6,805 shares during the quarter. Check Point Software Technologies makes up 8.0% of Martin Investment Management LLC’s holdings, making the stock its largest holding. Martin Investment Management LLC owned about 0.14% of Check Point Software Technologies worth $29,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nemes Rush Group LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth about $25,000. GAMMA Investing LLC grew its stake in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Check Point Software Technologies during the fourth quarter worth approximately $35,000. Strategic Financial Concepts LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $35,000. Finally, Exchange Traded Concepts LLC grew its stake in 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 purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 1.3 %

Shares of NASDAQ CHKP opened at $230.84 on Wednesday. The company has a 50 day simple moving average of $219.14 and a two-hundred day simple moving average of $199.11. The stock has a market cap of $25.39 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $234.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group lifted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Barclays upped their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 30th. Baird R W upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Bank of America upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Finally, Wells Fargo & Company raised shares of Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $200.00 to $280.00 in a report on Friday, March 14th. Sixteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $235.09.

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.