Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stake Raised by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 436,961 shares of the technology company’s stock after purchasing an additional 11,284 shares during the period. CIBC Private Wealth Group LLC owned approximately 0.40% of Check Point Software Technologies worth $80,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in CHKP. Gitterman Wealth Management LLC raised its position in shares of Check Point Software Technologies by 3.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after purchasing an additional 48 shares during the period. Argonautica Private Wealth Management Inc. raised its holdings in Check Point Software Technologies by 0.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after buying an additional 56 shares during the period. Regatta Capital Group LLC lifted its stake in Check Point Software Technologies by 4.9% during the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after buying an additional 57 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of Check Point Software Technologies by 3.1% in the fourth 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. Finally, GAMMA Investing LLC increased its position in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CHKP. Stifel Nicolaus raised their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Arete Research upgraded Check Point Software Technologies to a “hold” rating in a report on Monday, February 24th. Barclays raised their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. Finally, Wells Fargo & Company raised Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $200.00 to $280.00 in a research note on Friday, March 14th. Sixteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $234.18.

Check Point Software Technologies Stock Down 1.3 %

Shares of NASDAQ CHKP opened at $228.37 on Monday. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $238.43. The company has a market cap of $25.12 billion, a P/E ratio of 30.57, a P/E/G ratio of 3.41 and a beta of 0.62. The business’s 50 day moving average is $217.58 and its two-hundred day moving average is $198.60.

Check Point Software Technologies 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.