Hickory Asset Management Inc. Invests $476,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Hickory Asset Management Inc. bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,547 shares of the technology company’s stock, valued at approximately $476,000.

Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can boosted its stake in shares of Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after buying an additional 20,866 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Check Point Software Technologies during the third quarter worth about $1,599,000. MML Investors Services LLC boosted its stake in shares of Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after buying an additional 3,655 shares during the period. McHugh Group LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $241,000. Finally, Martin Investment Management LLC boosted its stake in shares of Check Point Software Technologies by 2.0% during the third quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock worth $31,497,000 after buying an additional 3,225 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Stifel Nicolaus raised 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 research report on Friday, January 31st. Barclays raised their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. BMO Capital Markets raised their price objective on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Evercore ISI lifted their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Finally, Susquehanna lifted their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Nineteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $215.59.

Check Point Software Technologies Stock Performance

CHKP opened at $222.09 on Friday. The company has a 50-day moving average of $194.31 and a 200-day moving average of $190.30. The company has a market capitalization of $24.43 billion, a P/E ratio of 29.73, a PEG ratio of 3.31 and a beta of 0.65. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year 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.