Bruni J V & Co. Co. Increases Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Bruni J V & Co. Co. lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,434 shares of the technology company’s stock after buying an additional 1,090 shares during the period. Check Point Software Technologies comprises about 2.5% of Bruni J V & Co. Co.’s holdings, making the stock its 17th largest position. Bruni J V & Co. Co. owned approximately 0.11% of Check Point Software Technologies worth $22,112,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies during the third quarter worth $27,000. GAMMA Investing LLC lifted its holdings 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 worth $32,000 after acquiring an additional 60 shares during the period. Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies during the fourth quarter worth $35,000. Exchange Traded Concepts LLC lifted its holdings in Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after acquiring an additional 137 shares during the period. Finally, Iron Horse Wealth Management LLC lifted its holdings in Check Point Software Technologies by 370.6% during the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock worth $45,000 after acquiring an additional 189 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 1.6 %

Check Point Software Technologies stock opened at $220.26 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.02. The business has a 50-day simple moving average of $201.38 and a 200 day simple moving average of $193.31. The stock has a market cap of $24.22 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 3.41 and a beta of 0.65.

Analyst Ratings Changes

A number of analysts recently commented on CHKP shares. Piper Sandler lifted their price target on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Morgan Stanley lifted their price target on Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday, January 31st. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $221.00 to $255.00 in a research note on Wednesday. Mizuho boosted their target price on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Jefferies Financial Group boosted their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday. Eighteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $221.91.

About Check Point Software Technologies

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.