Check Point Software Technologies Ltd. (NASDAQ:CHKP) Position Raised by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 23.2% in the 4th quarter, Holdings Channel reports. The fund owned 2,850 shares of the technology company’s stock after buying an additional 537 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Check Point Software Technologies were worth $532,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of 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 grew its holdings 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 worth $32,000 after buying an additional 60 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies during the 4th quarter valued at $35,000. Exchange Traded Concepts LLC boosted its position 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. Finally, Iron Horse Wealth Management LLC grew its stake 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 worth $45,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CHKP shares. 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 report on Friday, January 31st. BMO Capital Markets upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $245.00 to $275.00 in a research report on Friday. Scotiabank lifted their price target on Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a research note on Monday, January 27th. Finally, Piper Sandler upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $220.00 to $260.00 in a research report on Monday, March 3rd. Sixteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $234.18.

Check Point Software Technologies Trading Down 1.3 %

Shares of NASDAQ:CHKP opened at $228.37 on Monday. The business has a fifty day simple moving average of $217.58 and a 200 day simple moving average of $198.60. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $238.43. The firm has a market cap of $25.12 billion, a price-to-earnings ratio of 30.57, a P/E/G ratio of 3.41 and a beta of 0.62.

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.