Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Evergreen Private Wealth LLC

Evergreen Private Wealth LLC boosted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,446 shares of the technology company’s stock after purchasing an additional 180 shares during the period. Check Point Software Technologies accounts for about 3.7% of Evergreen Private Wealth LLC’s investment portfolio, making the stock its 2nd biggest holding. Evergreen Private Wealth LLC’s holdings in Check Point Software Technologies were worth $7,925,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $27,000. GAMMA Investing LLC lifted 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 valued at $32,000 after buying an additional 60 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $35,000. Exchange Traded Concepts LLC lifted its position in shares of Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after buying an additional 137 shares during the last quarter. Finally, Iron Horse Wealth Management LLC lifted its position in shares of Check Point Software Technologies by 370.6% in the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $45,000 after buying an additional 189 shares during the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $223.48 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’s fifty day moving average is $203.96 and its 200-day moving average is $194.35. The firm has a market cap of $24.58 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 3.41 and a beta of 0.62.

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, February 27th. BMO Capital Markets increased their target price on Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Piper Sandler upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $220.00 to $260.00 in a research note on Monday. Citigroup increased their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, Arete Research upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, February 24th. Seventeen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $224.86.

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.