Venturi Wealth Management LLC Buys 552 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Venturi Wealth Management LLC boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5,018.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 563 shares of the technology company’s stock after purchasing an additional 552 shares during the quarter. Venturi Wealth Management LLC’s holdings in Check Point Software Technologies were worth $105,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. FSA Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the third quarter valued at $27,000. GAMMA Investing LLC raised 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. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the 4th quarter valued at about $35,000. Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies during the 4th quarter valued at about $35,000. Finally, Concord Wealth Partners bought a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

CHKP has been the topic of several recent analyst reports. Guggenheim restated a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Stifel Nicolaus raised their price target on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Royal Bank of Canada upped their price objective on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Evercore ISI lifted 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 research report on Wednesday, October 30th. Finally, Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Nineteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $216.95.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $216.80 on Monday. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $226.02. The stock’s fifty day moving average price is $198.23 and its two-hundred day moving average price is $192.18. The company has a market cap of $23.84 billion, a P/E ratio of 29.02, a P/E/G ratio of 3.41 and a beta of 0.65.

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.