Bernard Wealth Management Corp. Invests $76,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Bernard Wealth Management Corp. purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 409 shares of the technology company’s stock, valued at approximately $76,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHKP. Nemes Rush Group LLC acquired a new position in Check Point Software Technologies during the fourth quarter worth $25,000. Capital A Wealth Management LLC purchased a new stake in Check Point Software Technologies in the 4th quarter valued at about $29,000. GAMMA Investing LLC increased 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 valued at $32,000 after acquiring an additional 60 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $35,000. Finally, Quarry LP grew its position in Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company’s stock valued at $38,000 after acquiring an additional 103 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHKP has been the subject of several recent research reports. Piper Sandler upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $220.00 to $260.00 in a report on Monday, March 3rd. Stifel Nicolaus raised their target price 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. Scotiabank increased their target price on Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research note on Friday, January 31st. Susquehanna upped 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 report on Friday, January 31st. Finally, Mizuho lifted their target price on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. Sixteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $236.13.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $213.76 on Tuesday. The stock’s 50 day simple moving average is $221.10 and its 200 day simple moving average is $199.93. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The company has a market capitalization of $23.51 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 3.41 and a beta of 0.62.

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.