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

Choreo LLC increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 16.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,388 shares of the technology company’s stock after purchasing an additional 332 shares during the quarter. Choreo LLC’s holdings in Check Point Software Technologies were worth $447,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Yousif Capital Management LLC increased its position in Check Point Software Technologies by 1.7% in the 4th quarter. Yousif Capital Management LLC now owns 5,507 shares of the technology company’s stock valued at $1,028,000 after acquiring an additional 90 shares during the period. Caas Capital Management LP increased its stake in shares of Check Point Software Technologies by 18.2% during the fourth quarter. Caas Capital Management LP now owns 14,300 shares of the technology company’s stock valued at $2,670,000 after acquiring an additional 2,200 shares during the period. Boston Trust Walden Corp lifted its position in Check Point Software Technologies by 26.9% in 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 during the period. S.A. Mason LLC acquired a new position in shares of Check Point Software Technologies during the 4th quarter valued at $140,000. Finally, Oregon Pacific Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $344,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CHKP has been the subject of a number of research analyst reports. Morgan Stanley upped their price target on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Citigroup upped their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, January 17th. JPMorgan Chase & Co. raised their price objective on Check Point Software Technologies from $207.00 to $221.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Scotiabank upped their target price on Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Finally, Robert W. Baird reduced their price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Nineteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $215.59.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $216.86 on Thursday. The firm has a fifty day moving average price of $193.11 and a two-hundred day moving average price of $189.90. The firm has a market cap of $23.85 billion, a price-to-earnings ratio of 29.03, a P/E/G ratio of 3.31 and a beta of 0.65. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $226.02.

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.