2,664 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Bought by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, Holdings Channel reports. The fund acquired 2,664 shares of the technology company’s stock, valued at approximately $497,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CX Institutional bought a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at approximately $190,000. Creative Planning lifted its stake in Check Point Software Technologies by 14.4% in the 3rd quarter. Creative Planning now owns 21,184 shares of the technology company’s stock valued at $4,084,000 after purchasing an additional 2,674 shares during the last quarter. Regatta Capital Group LLC acquired a new stake in Check Point Software Technologies in the third quarter valued at approximately $226,000. Heritage Family Offices LLP grew its stake in shares of Check Point Software Technologies by 1.6% during the third quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock worth $942,000 after buying an additional 77 shares during the last quarter. Finally, Good Life Advisors LLC acquired a new position in shares of Check Point Software Technologies during the third quarter worth $310,000. Institutional investors own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CHKP shares. UBS Group raised their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on Check Point Software Technologies from $207.00 to $221.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and issued a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Royal Bank of Canada lifted their target price on shares of 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, Mizuho boosted their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Nineteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Check Point Software Technologies has an average rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $216.86 on Thursday. The stock has a market capitalization of $23.85 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 3.31 and a beta of 0.65. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The stock’s 50 day moving average price is $193.11 and its two-hundred day moving average price is $189.90.

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.