BCGM Wealth Management LLC Has $1.54 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

BCGM Wealth Management LLC cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,259 shares of the technology company’s stock after selling 173 shares during the quarter. BCGM Wealth Management LLC’s holdings in Check Point Software Technologies were worth $1,542,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Private Advisor Group LLC grew its position in Check Point Software Technologies by 6.1% during the third quarter. Private Advisor Group LLC now owns 2,108 shares of the technology company’s stock valued at $406,000 after purchasing an additional 121 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $75,100,000. Brighton Jones LLC grew its holdings in shares of Check Point Software Technologies by 5.2% during the 3rd quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock valued at $258,000 after acquiring an additional 66 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Check Point Software Technologies by 14.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,008 shares of the technology company’s stock worth $773,000 after acquiring an additional 493 shares during the last quarter. Finally, Lake Street Advisors Group LLC purchased a new stake in shares of Check Point Software Technologies during the third quarter worth $227,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of recent research reports. Royal Bank of Canada boosted their target price on Check Point Software Technologies from $187.00 to $215.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. UBS Group increased their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Truist Financial reiterated 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. Robert W. Baird set a $235.00 target price on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Nineteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $216.95.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $216.80 on Monday. The company’s fifty day moving average is $198.23 and its two-hundred day moving average is $192.18. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The firm has a market capitalization of $23.84 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 3.41 and a beta of 0.65.

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.