TD Private Client Wealth LLC Trims Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

TD Private Client Wealth LLC lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,789 shares of the technology company’s stock after selling 129 shares during the period. TD Private Client Wealth LLC’s holdings in Check Point Software Technologies were worth $334,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. FSA Wealth Management LLC purchased a new position in shares of Check Point Software Technologies during the third quarter worth $27,000. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies during the 4th quarter valued at about $35,000. Exchange Traded Concepts LLC grew its position in Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after acquiring an additional 137 shares in the last quarter. Finally, Iron Horse Wealth Management LLC increased its stake 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 purchasing an additional 189 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a report on Friday, January 31st. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Citigroup increased their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Baird R W raised Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Finally, Robert W. Baird raised Check Point Software Technologies from a “neutral” rating to an “outperform” rating and increased their price target for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Seventeen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $229.86.

Check Point Software Technologies Stock Up 0.0 %

CHKP opened at $228.05 on Tuesday. The firm has a market cap of $25.08 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $232.37. The business’s 50 day moving average is $214.04 and its two-hundred day moving average is $197.46.

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.