Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC lifted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,533 shares of the technology company’s stock after acquiring an additional 48 shares during the period. Gitterman Wealth Management LLC’s holdings in Check Point Software Technologies were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in Check Point Software Technologies during the 3rd quarter valued at about $27,000. GAMMA Investing LLC boosted its position in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after buying an additional 60 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Check Point Software Technologies in the 4th quarter worth approximately $35,000. Strategic Financial Concepts LLC purchased a new position in Check Point Software Technologies during the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC lifted its stake in Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

CHKP has been the topic of a number of research reports. Susquehanna increased their price objective on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Morgan Stanley lifted their price objective on Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. 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. BMO Capital Markets lifted their price target on Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Finally, Scotiabank boosted their price target on Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Eighteen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $227.26.

Check Point Software Technologies Trading Up 4.6 %

CHKP opened at $224.84 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $230.65. The firm has a market capitalization of $24.73 billion, a PE ratio of 30.10, a PEG ratio of 3.41 and a beta of 0.62. The firm’s 50-day moving average price is $208.38 and its 200 day moving average price is $195.79.

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.