Caas Capital Management LP Acquires 2,200 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Caas Capital Management LP boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 18.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,300 shares of the technology company’s stock after acquiring an additional 2,200 shares during the quarter. Check Point Software Technologies accounts for about 0.5% of Caas Capital Management LP’s investment portfolio, making the stock its 12th largest position. Caas Capital Management LP’s holdings in Check Point Software Technologies were worth $2,670,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Bleakley Financial Group LLC lifted its stake in Check Point Software Technologies by 3.3% during the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after purchasing an additional 57 shares during the last quarter. Regatta Capital Group LLC raised its stake in shares of Check Point Software Technologies by 4.9% during the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after acquiring an additional 57 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares during the last quarter. Strategic Investment Advisors MI boosted its stake in shares of Check Point Software Technologies by 2.7% in the 4th quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock valued at $423,000 after purchasing an additional 60 shares in the last quarter. Finally, Brighton Jones LLC grew its holdings in shares of Check Point Software Technologies by 5.2% during the 3rd quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock valued at $258,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CHKP shares. Citigroup upped their price target on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Check Point Software Technologies in a report on Monday, January 27th. Mizuho boosted their price objective on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Truist Financial reiterated a “buy” rating and set a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a report on Friday. Finally, Evercore ISI upped their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Nineteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $215.59.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $213.87 on Tuesday. The stock has a 50-day simple moving average of $188.67 and a two-hundred day simple moving average of $187.97. The firm has a market capitalization of $23.52 billion, a PE ratio of 28.63, a P/E/G ratio of 3.41 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02.

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.