Kentucky Trust Co Invests $400,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Kentucky Trust Co bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 2,140 shares of the technology company’s stock, valued at approximately $400,000.

A number of other institutional investors have also modified their holdings of CHKP. FSA Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter worth about $27,000. GAMMA Investing LLC grew its holdings 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 purchasing an additional 60 shares during the period. Golden State Wealth Management LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth approximately $35,000. Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth approximately $35,000. Finally, Concord Wealth Partners acquired a new position in Check Point Software Technologies during the 3rd quarter worth approximately $37,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on CHKP shares. UBS Group boosted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Barclays boosted their price target 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. Royal Bank of Canada boosted their price target on 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. Finally, Stifel Nicolaus upped their target price on 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. Nineteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $215.59.

Check Point Software Technologies Price Performance

Shares of CHKP opened at $218.52 on Wednesday. The company has a market cap of $24.03 billion, a P/E ratio of 29.25, a PEG ratio of 3.31 and a beta of 0.65. The stock has a fifty day moving average price of $192.48 and a 200 day moving average price of $189.64. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $226.02.

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.