Synergy Investment Management LLC Makes New $457,000 Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Synergy Investment Management LLC bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,450 shares of the technology company’s stock, valued at approximately $457,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new position in Check Point Software Technologies in the third quarter worth $27,000. GAMMA Investing LLC grew its position 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 buying an additional 60 shares during the period. Golden State Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the 4th quarter worth about $35,000. Strategic Financial Concepts LLC purchased a new position in Check Point Software Technologies during the 4th quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC boosted its stake in Check Point Software Technologies by 142.7% during the fourth 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.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHKP. BMO Capital Markets raised their target price on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Morgan Stanley lifted their price objective on Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a research note on Friday, January 31st. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Citigroup raised their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Finally, StockNews.com cut shares of Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Eighteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $224.86.

Check Point Software Technologies Stock Up 0.4 %

Shares of NASDAQ:CHKP opened at $221.09 on Tuesday. The stock has a market capitalization of $24.32 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65. The firm’s 50 day moving average price is $202.03 and its 200-day moving average price is $193.70. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $226.02.

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.