1,190 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Acquired by KCM Investment Advisors LLC

KCM Investment Advisors LLC bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,190 shares of the technology company’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also modified their holdings of CHKP. Verition Fund Management LLC purchased a new position in shares of Check Point Software Technologies during the third quarter valued at approximately $493,000. HighTower Advisors LLC raised its stake in Check Point Software Technologies by 3.5% during the 3rd quarter. HighTower Advisors LLC now owns 59,937 shares of the technology company’s stock valued at $11,562,000 after buying an additional 2,016 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Check Point Software Technologies by 4.2% during the 3rd quarter. Janus Henderson Group PLC now owns 18,004 shares of the technology company’s stock valued at $3,471,000 after buying an additional 727 shares during the period. Quantinno Capital Management LP grew its holdings in shares of Check Point Software Technologies by 8.5% in the third quarter. Quantinno Capital Management LP now owns 28,463 shares of the technology company’s stock worth $5,488,000 after acquiring an additional 2,237 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Check Point Software Technologies by 180.3% in the third quarter. Wellington Management Group LLP now owns 13,433 shares of the technology company’s stock worth $2,590,000 after acquiring an additional 8,641 shares during the period. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $215.52 on Monday. The stock’s 50-day moving average is $220.78 and its 200 day moving average is $199.77. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.36. The company has a market cap of $23.70 billion, a P/E ratio of 28.85, a PEG ratio of 3.41 and a beta of 0.62.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CHKP. Morgan Stanley initiated coverage on Check Point Software Technologies in a research report on Tuesday, March 18th. They issued an “equal weight” rating and a $235.00 target price on the stock. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday, January 27th. Susquehanna upped their target price 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. Bank of America upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $230.00 to $260.00 in a research note on Thursday, March 27th. Finally, Arete Research upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, February 24th. Sixteen analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.13.

Check Point Software Technologies Company 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.