HUB Investment Partners LLC Raises Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

HUB Investment Partners LLC boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,582 shares of the technology company’s stock after acquiring an additional 77 shares during the quarter. HUB Investment Partners LLC’s holdings in Check Point Software Technologies were worth $669,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Gitterman Wealth Management LLC boosted its stake in shares of Check Point Software Technologies by 3.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock valued at $286,000 after purchasing an additional 48 shares during the period. Argonautica Private Wealth Management Inc. boosted its position in Check Point Software Technologies by 0.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock valued at $1,121,000 after buying an additional 56 shares during the period. Regatta Capital Group LLC grew its stake in Check Point Software Technologies by 4.9% in the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after acquiring an additional 57 shares in the last quarter. Kingsview Wealth Management LLC increased its position in shares of Check Point Software Technologies by 3.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after acquiring an additional 57 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CHKP shares. Truist Financial restated a “buy” rating and set a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 price objective on shares of Check Point Software Technologies in a report on Thursday, February 27th. The Goldman Sachs Group cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their target price for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Guggenheim restated a “neutral” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Finally, Mizuho increased their price objective on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Seventeen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and an average target price of $229.86.

Check Point Software Technologies Trading Down 0.5 %

Shares of Check Point Software Technologies stock opened at $227.97 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $232.37. The firm’s 50 day simple moving average is $213.13 and its two-hundred day simple moving average is $197.08. The firm has a market capitalization of $25.07 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 3.41 and a beta of 0.62.

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.