Transamerica Financial Advisors Inc. Trims Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Transamerica Financial Advisors Inc. cut its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 48.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 554 shares of the technology company’s stock after selling 521 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Check Point Software Technologies were worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the third quarter worth $27,000. GAMMA Investing LLC boosted its position in shares of Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Check Point Software Technologies during the fourth quarter worth about $35,000. Exchange Traded Concepts LLC increased its position in shares of 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 during the last quarter. Finally, Iron Horse Wealth Management LLC raised its stake in Check Point Software Technologies by 370.6% in the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $45,000 after purchasing an additional 189 shares in the last quarter. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Down 1.3 %

Shares of Check Point Software Technologies stock opened at $228.37 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36. The company has a market cap of $25.12 billion, a P/E ratio of 30.57, a PEG ratio of 3.41 and a beta of 0.62. The company’s fifty day simple moving average is $217.58 and its two-hundred day simple moving average is $198.54.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $221.00 to $255.00 in a report on Wednesday, February 26th. Truist Financial restated a “buy” rating and set a $250.00 price target (up previously from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Baird R W upgraded Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Finally, Jefferies Financial Group increased their price target on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Sixteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $234.18.

Check Point Software Technologies Company 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.