MIG Capital LLC Makes New $335,000 Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

MIG Capital LLC bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,796 shares of the technology company’s stock, valued at approximately $335,000.

Several other large investors have also made changes to their positions in CHKP. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies during the fourth quarter worth about $25,000. GAMMA Investing LLC boosted its holdings in shares of 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 acquiring 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 worth approximately $35,000. Strategic Financial Concepts LLC acquired a new stake in Check Point Software Technologies during the 4th quarter valued at $35,000. Finally, Exchange Traded Concepts LLC raised 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 purchasing an additional 137 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $215.52 on Friday. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36. The company has a market capitalization of $23.70 billion, a P/E ratio of 28.85, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The business has a 50-day moving average of $220.78 and a two-hundred day moving average of $199.70.

Wall Street Analysts Forecast Growth

CHKP has been the subject of a number of research reports. Compass Point set a $260.00 target price on Check Point Software Technologies in a research note on Thursday, March 27th. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $221.00 to $255.00 in a research report on Wednesday, February 26th. Citigroup upped their target price on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Barclays raised their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus upped their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a report on Friday, January 31st. Sixteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $236.13.

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.