Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.0% during the 4th quarter, HoldingsChannel reports. The fund owned 72,913 shares of the technology company’s stock after acquiring an additional 3,489 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Check Point Software Technologies were worth $13,613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the 3rd quarter valued at about $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 acquired a new position in Check Point Software Technologies in the fourth quarter valued at about $35,000. Exchange Traded Concepts LLC lifted its position 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 valued at $44,000 after buying an additional 137 shares during the last quarter. Finally, Iron Horse Wealth Management LLC lifted its position 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 buying an additional 189 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

CHKP has been the topic of a number of recent analyst reports. StockNews.com cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus upped their target price on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Morgan Stanley upped their target price on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a research report on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $200.00 target price on shares of Check Point Software Technologies in a research report on Monday, January 27th. Finally, Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Eighteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $221.91.

Check Point Software Technologies Stock Up 1.6 %

Shares of Check Point Software Technologies stock opened at $220.26 on Friday. The firm has a market capitalization of $24.22 billion, a P/E ratio of 29.49, a P/E/G ratio of 3.41 and a beta of 0.65. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.02. The firm’s 50 day moving average is $201.38 and its two-hundred day moving average is $193.31.

Check Point Software Technologies 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.