Leo Wealth LLC Purchases New Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Leo Wealth LLC acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,064 shares of the technology company’s stock, valued at approximately $759,000.

Several other hedge funds also recently modified their holdings of CHKP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Check Point Software Technologies by 73.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after acquiring an additional 464,821 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Check Point Software Technologies during the third quarter worth $51,922,000. FMR LLC increased its stake in shares of Check Point Software Technologies by 28.7% in the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after buying an additional 252,581 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after buying an additional 177,104 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its position in Check Point Software Technologies by 26.9% during the 4th quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after buying an additional 103,388 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

CHKP has been the subject of several research reports. Citigroup raised their price objective 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. Bank of America cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Mizuho increased their price objective on 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. Jefferies Financial Group boosted their target price on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Stifel Nicolaus upped their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Nineteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $215.59.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $212.24 on Friday. The business’s 50-day simple moving average is $191.22 and its 200-day simple moving average is $188.92. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The stock has a market capitalization of $23.34 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65.

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.