Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 36.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,220 shares of the technology company’s stock after buying an additional 1,916 shares during the quarter. Cerity Partners LLC’s holdings in Check Point Software Technologies were worth $1,361,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Nemes Rush Group LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter worth $25,000. GAMMA Investing LLC increased its position 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 worth $32,000 after purchasing an additional 60 shares during the last quarter. Golden State Wealth Management LLC purchased a new stake in Check Point Software Technologies in the 4th quarter valued at about $35,000. Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies in the fourth quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC increased its position in shares of 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 valued at $44,000 after acquiring an additional 137 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 0.0 %

Shares of CHKP opened at $214.96 on Friday. The stock has a 50 day moving average of $221.79 and a 200-day moving average of $201.32. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $234.36. The firm has a market cap of $23.64 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 3.41 and a beta of 0.62.

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of research analyst reports. Citigroup increased their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Scotiabank lifted their price objective 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. Morgan Stanley decreased their target price on Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Bank of America raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and upped their target price for the stock from $230.00 to $260.00 in a research note on Thursday, March 27th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday, January 27th. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $235.50.

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.