Intellectus Partners LLC Makes New $280,000 Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Intellectus Partners LLC purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, Holdings Channel.com reports. The firm purchased 1,500 shares of the technology company’s stock, valued at approximately $280,000.

A number of other hedge funds have also recently made changes to their positions in CHKP. FMR LLC boosted its stake in Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after buying an additional 252,581 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Check Point Software Technologies by 73.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after acquiring an additional 464,821 shares during the last quarter. Boston Trust Walden Corp grew its holdings in shares of Check Point Software Technologies by 26.9% during the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after purchasing an additional 103,388 shares in the last quarter. Swedbank AB grew its holdings in shares of Check Point Software Technologies by 1.1% during the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after purchasing an additional 4,760 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth approximately $51,922,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on CHKP. Robert W. Baird upgraded shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $221.00 to $255.00 in a report on Wednesday, February 26th. Truist Financial reissued a “buy” rating and issued a $250.00 target price (up previously from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Citigroup lifted their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, Scotiabank increased 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 report on Friday, January 31st. Seventeen 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $224.86.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $230.20 on Friday. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $230.65. The stock has a market cap of $25.32 billion, a P/E ratio of 30.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The stock has a 50 day simple moving average of $204.80 and a two-hundred day simple moving average of $194.69.

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.