Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.5% in the fourth quarter, HoldingsChannel reports. The fund owned 9,589 shares of the technology company’s stock after acquiring an additional 1,215 shares during the quarter. CIBC Asset Management Inc’s holdings in Check Point Software Technologies were worth $1,790,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Regatta Capital Group LLC raised its holdings in Check Point Software Technologies by 4.9% in the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after purchasing an additional 57 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of Check Point Software Technologies by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after buying an additional 57 shares during the period. GAMMA Investing LLC raised its stake in shares of Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares during the period. Strategic Investment Advisors MI lifted its position in shares of Check Point Software Technologies by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock valued at $423,000 after buying an additional 60 shares in the last quarter. Finally, Moloney Securities Asset Management LLC grew its stake in Check Point Software Technologies by 1.2% in the 4th quarter. Moloney Securities Asset Management LLC now owns 5,295 shares of the technology company’s stock valued at $989,000 after acquiring an additional 65 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CHKP shares. Citigroup upped their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Truist Financial reaffirmed a “buy” rating and issued a $250.00 price target (up from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Robert W. Baird lowered their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Susquehanna increased their target price on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Nineteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price of $215.59.

Check Point Software Technologies Stock Performance

CHKP opened at $216.80 on Friday. The stock has a market capitalization of $23.84 billion, a PE ratio of 29.02, a P/E/G ratio of 3.48 and a beta of 0.65. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $226.02. The business’s 50 day moving average price is $197.65 and its 200 day moving average price is $191.65.

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.