Oregon Pacific Wealth Management LLC Acquires Shares of 1,845 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Oregon Pacific Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,845 shares of the technology company’s stock, valued at approximately $344,000.

Several other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in shares of Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after buying an additional 20,866 shares during the last quarter. CWA Asset Management Group LLC bought a new position in Check Point Software Technologies in the third quarter valued at approximately $1,599,000. MML Investors Services LLC boosted its stake in Check Point Software Technologies by 3.7% in the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after acquiring an additional 3,655 shares during the last quarter. Martin Investment Management LLC boosted its stake in Check Point Software Technologies by 2.0% in the third quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock valued at $31,497,000 after acquiring an additional 3,225 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC boosted its stake in Check Point Software Technologies by 69.6% in the third quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock valued at $4,502,000 after acquiring an additional 9,580 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $218.02 on Monday. The stock’s fifty day moving average price is $188.67 and its two-hundred day moving average price is $187.85. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $226.02. The firm has a market cap of $23.98 billion, a PE ratio of 29.19, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CHKP shares. Stifel Nicolaus raised their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research note on Friday. Evercore ISI upped their target price on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their target price for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Susquehanna upped their target price on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research note on Friday. Finally, Scotiabank upped their target price on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research note on Friday. Nineteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $215.27.

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.