Twin City Private Wealth LLC Acquires 150 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Twin City Private Wealth LLC raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.7% in the 4th quarter, Holdings Channel reports. The firm owned 5,744 shares of the technology company’s stock after purchasing an additional 150 shares during the quarter. Twin City Private Wealth LLC’s holdings in Check Point Software Technologies were worth $1,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Gitterman Wealth Management LLC lifted its position in shares of Check Point Software Technologies by 3.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after purchasing an additional 48 shares during the last quarter. Argonautica Private Wealth Management Inc. raised its holdings in shares of Check Point Software Technologies by 0.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock valued at $1,121,000 after acquiring an additional 56 shares in the last quarter. Regatta Capital Group LLC raised its holdings in shares of Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after acquiring an additional 57 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Check Point Software Technologies by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after acquiring an additional 57 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 60 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Down 0.5 %

Shares of NASDAQ:CHKP opened at $227.97 on Monday. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $232.37. The company’s 50 day moving average is $213.13 and its 200 day moving average is $197.18. The company has a market cap of $25.07 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Analyst Upgrades and Downgrades

CHKP has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $221.00 to $255.00 in a report on Wednesday, February 26th. Scotiabank lifted their price objective 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. Robert W. Baird upgraded Check Point Software Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $235.00 to $255.00 in a report on Thursday, February 27th. Jefferies Financial Group lifted their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company upgraded Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $200.00 to $280.00 in a research note on Friday, March 14th. Seventeen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus target price of $229.86.

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.