Maia Wealth LLC Purchases 1,744 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Maia Wealth LLC lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 21.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,869 shares of the technology company’s stock after buying an additional 1,744 shares during the quarter. Maia Wealth LLC’s holdings in Check Point Software Technologies were worth $1,956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Metis Global Partners LLC bought a new stake in Check Point Software Technologies during the 4th quarter worth approximately $282,000. Mutual of America Capital Management LLC grew its stake in shares of Check Point Software Technologies by 5.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 72,913 shares of the technology company’s stock worth $13,613,000 after purchasing an additional 3,489 shares during the last quarter. Bruni J V & Co. Co. increased its holdings in Check Point Software Technologies by 0.9% in the fourth quarter. Bruni J V & Co. Co. now owns 118,434 shares of the technology company’s stock valued at $22,112,000 after purchasing an additional 1,090 shares during the period. QRG Capital Management Inc. raised its position in Check Point Software Technologies by 14.8% during the 4th quarter. QRG Capital Management Inc. now owns 2,051 shares of the technology company’s stock worth $383,000 after purchasing an additional 265 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth about $13,838,000. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Up 1.6 %

Check Point Software Technologies stock opened at $220.26 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $226.02. The firm has a market capitalization of $24.22 billion, a PE ratio of 29.49, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65. The firm’s 50 day simple moving average is $201.38 and its 200 day simple moving average is $193.38.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Jefferies Financial Group boosted their price target on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday. Piper Sandler increased their price objective on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. StockNews.com lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Scotiabank increased their price target on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Nineteen research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $221.91.

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.