Stoneridge Investment Partners LLC Invests $800,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Stoneridge Investment Partners LLC purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,287 shares of the technology company’s stock, valued at approximately $800,000.

Several other institutional investors have also added to or reduced their stakes in CHKP. 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 valued at $16,532,000 after acquiring an additional 20,866 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Check Point Software Technologies in the 3rd quarter worth approximately $1,599,000. MML Investors Services LLC raised its holdings in shares of Check Point Software Technologies by 3.7% during 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 in the last quarter. Martin Investment Management LLC lifted 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 worth $31,497,000 after acquiring an additional 3,225 shares during the period. Finally, Chevy Chase Trust Holdings LLC boosted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CHKP. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a research note on Monday, January 27th. Robert W. Baird lowered their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Piper Sandler increased their price objective on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Evercore ISI boosted 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 report on Wednesday, October 30th. Finally, Mizuho increased their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Nineteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $212.24 on Friday. The stock has a market cap of $23.34 billion, a PE ratio of 28.41, a price-to-earnings-growth ratio of 3.31 and a beta of 0.65. The stock has a fifty day moving average of $191.83 and a 200 day moving average of $189.21. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year 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.