Smartleaf Asset Management LLC Purchases 261 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Smartleaf Asset Management LLC increased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 129.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 462 shares of the technology company’s stock after acquiring an additional 261 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Check Point Software Technologies were worth $87,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new position in Check Point Software Technologies in the 3rd quarter worth $27,000. GAMMA Investing LLC raised its holdings in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares during the period. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the 4th quarter worth $35,000. Strategic Financial Concepts LLC bought a new position in Check Point Software Technologies in the 4th quarter worth $35,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after purchasing an additional 137 shares during the period. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 3.0 %

Shares of CHKP stock opened at $230.20 on Friday. The firm has a fifty day moving average of $204.80 and a 200-day moving average of $194.69. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $230.65. The company has a market capitalization of $25.32 billion, a price-to-earnings ratio of 30.82, a P/E/G ratio of 3.41 and a beta of 0.62.

Analysts Set New Price Targets

Several research firms have recently issued reports on CHKP. Piper Sandler upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday, January 27th. UBS Group boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Barclays boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Finally, Susquehanna boosted their price objective on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Seventeen equities research 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 stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $224.86.

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.