Carrera Capital Advisors Has $458,000 Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Carrera Capital Advisors trimmed its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 83.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,452 shares of the technology company’s stock after selling 12,138 shares during the quarter. Carrera Capital Advisors’ holdings in Check Point Software Technologies were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Synergy Investment Management LLC acquired a new position in Check Point Software Technologies in the fourth quarter valued at approximately $457,000. Jones Financial Companies Lllp increased its stake in shares of Check Point Software Technologies by 29.8% in the 4th quarter. Jones Financial Companies Lllp now owns 65,537 shares of the technology company’s stock valued at $12,236,000 after acquiring an additional 15,049 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Check Point Software Technologies by 129.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 462 shares of the technology company’s stock valued at $87,000 after acquiring an additional 261 shares during the period. Maia Wealth LLC boosted its stake in Check Point Software Technologies by 21.5% during the fourth quarter. Maia Wealth LLC now owns 9,869 shares of the technology company’s stock worth $1,956,000 after acquiring an additional 1,744 shares in the last quarter. Finally, Metis Global Partners LLC acquired a new stake in Check Point Software Technologies in the fourth quarter worth $282,000. Institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

CHKP has been the topic of a number of research analyst reports. Truist Financial reissued a “buy” rating and set a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Barclays raised their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. Mizuho boosted their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Jefferies Financial Group increased their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Check Point Software Technologies in a research note on Monday, January 27th. Eighteen equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $224.86.

Check Point Software Technologies Stock Up 0.1 %

CHKP opened at $221.22 on Wednesday. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $226.02. The company’s 50-day moving average price is $202.66 and its two-hundred day moving average price is $193.95. The stock has a market cap of $24.33 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 3.41 and a beta of 0.65.

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.