Caas Capital Management LP Has $2.67 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Caas Capital Management LP increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,300 shares of the technology company’s stock after acquiring an additional 2,200 shares during the period. Check Point Software Technologies comprises about 0.5% of Caas Capital Management LP’s investment portfolio, making the stock its 12th biggest position. Caas Capital Management LP’s holdings in Check Point Software Technologies were worth $2,670,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $27,000. GAMMA Investing LLC increased its position in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in shares of Check Point Software Technologies during the third quarter worth $33,000. Concord Wealth Partners acquired a new position in Check Point Software Technologies during the 3rd quarter valued at about $37,000. Finally, Exchange Traded Concepts LLC grew its holdings in Check Point Software Technologies by 142.7% during the 4th 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. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $213.87 on Tuesday. The firm has a market cap of $23.52 billion, a P/E ratio of 28.63, a PEG ratio of 3.41 and a beta of 0.63. The business’s 50 day simple moving average is $188.67 and its two-hundred day simple moving average is $187.97. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02.

Wall Street Analyst Weigh In

Several research firms have weighed in on CHKP. Morgan Stanley increased their target price on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a report on Friday. Royal Bank of Canada boosted their target price on Check Point Software Technologies from $187.00 to $215.00 and gave the company a “sector perform” rating in a research note on Friday. Stifel Nicolaus raised their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday. BMO Capital Markets boosted their price objective on Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Piper Sandler lifted their price target on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Nineteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price of $215.59.

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.