Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stock Position Raised by Ativo Capital Management LLC

Ativo Capital Management LLC raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,531 shares of the technology company’s stock after purchasing an additional 1,601 shares during the quarter. Check Point Software Technologies accounts for about 11.0% of Ativo Capital Management LLC’s holdings, making the stock its 2nd biggest position. Ativo Capital Management LLC owned approximately 0.05% of Check Point Software Technologies worth $11,114,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in Check Point Software Technologies in the 3rd quarter valued at approximately $27,000. GAMMA Investing LLC boosted its stake in shares of 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 stake in shares of Check Point Software Technologies during the 4th quarter worth approximately $35,000. Concord Wealth Partners purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter worth approximately $37,000. Finally, Exchange Traded Concepts LLC boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHKP. Scotiabank boosted their price target on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a research note on Friday, January 31st. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Jefferies Financial Group boosted their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Robert W. Baird cut their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Nineteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $216.80 on Friday. The company has a market capitalization of $23.84 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 3.48 and a beta of 0.65. The stock has a fifty day moving average of $197.65 and a two-hundred day moving average of $191.65. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $226.02.

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.