Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,161 shares of the technology company’s stock after acquiring an additional 104 shares during the period. Perigon Wealth Management LLC’s holdings in Check Point Software Technologies were worth $217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies in the 3rd quarter valued at about $27,000. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 60 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of Check Point Software Technologies in the third quarter worth approximately $33,000. Concord Wealth Partners purchased a new position in shares of Check Point Software Technologies in the third quarter worth approximately $37,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after acquiring an additional 137 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 1.9 %

Shares of NASDAQ:CHKP opened at $213.87 on Tuesday. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $226.02. The firm has a market cap of $23.52 billion, a P/E ratio of 28.63, a P/E/G ratio of 3.41 and a beta of 0.63. The company’s 50-day moving average price is $188.67 and its two-hundred day moving average price is $187.97.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Friday. Truist Financial restated a “buy” rating and issued a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a research note on Friday. Scotiabank upped their target price on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research note on Friday. Wedbush upped their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Finally, Mizuho boosted their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Nineteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $215.59.

Check Point Software Technologies 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.