Arcadia Investment Management Corp MI Purchases Shares of 500 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Arcadia Investment Management Corp MI purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 500 shares of the technology company’s stock, valued at approximately $93,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CHKP. FSA Wealth Management LLC bought a new position in Check Point Software Technologies during the third quarter valued at approximately $27,000. GAMMA Investing LLC grew its position in Check Point Software Technologies by 53.1% during the fourth 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 bought a new position in Check Point Software Technologies during the fourth quarter valued at approximately $35,000. Strategic Financial Concepts LLC bought a new position in Check Point Software Technologies during the fourth quarter valued at approximately $35,000. Finally, Concord Wealth Partners bought a new position in shares of Check Point Software Technologies in the third quarter worth approximately $37,000. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Down 1.9 %

Shares of Check Point Software Technologies stock opened at $218.75 on Friday. The firm has a market capitalization of $24.06 billion, a P/E ratio of 29.28, a P/E/G ratio of 3.43 and a beta of 0.65. The business has a fifty day simple moving average of $197.07 and a two-hundred day simple moving average of $191.46. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $226.02.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Jefferies Financial Group raised their target price on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. BMO Capital Markets raised their target price on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Finally, Evercore ISI raised their target price on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Nineteen analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $215.59.

Check Point Software Technologies Company 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.