Kingsview Wealth Management LLC Acquires 57 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Kingsview Wealth Management LLC lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,891 shares of the technology company’s stock after buying an additional 57 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Check Point Software Technologies were worth $353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHKP. Golden State Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth about $35,000. Strategic Financial Concepts LLC bought a new position in Check Point Software Technologies in the 4th quarter worth approximately $35,000. Leo Wealth LLC bought a new position in Check Point Software Technologies in the 4th quarter worth approximately $759,000. Iron Horse Wealth Management LLC lifted its holdings in Check Point Software Technologies by 370.6% during the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock worth $45,000 after buying an additional 189 shares in the last quarter. Finally, McHugh Group LLC bought a new position in Check Point Software Technologies in the 4th quarter valued at $241,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $221.12 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.02. The company’s 50 day moving average price is $193.65 and its two-hundred day moving average price is $190.09. The company has a market capitalization of $24.32 billion, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 3.31 and a beta of 0.65.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Morgan Stanley boosted their price target on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Royal Bank of Canada raised their price objective on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Finally, Barclays upped their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Nineteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $215.59.

Read Our Latest Stock Analysis on Check Point Software Technologies

About Check Point Software Technologies

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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