Strategic Financial Concepts LLC Makes New $35,000 Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,670 shares of the technology company’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC acquired a new position in Check Point Software Technologies in the third quarter worth $27,000. GAMMA Investing LLC boosted its stake in Check Point Software Technologies by 53.1% in the fourth 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. Concord Wealth Partners acquired a new position in Check Point Software Technologies in the third quarter worth $37,000. Exchange Traded Concepts LLC lifted its stake in shares of Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after acquiring an additional 137 shares during the period. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Check Point Software Technologies by 370.6% during the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $45,000 after acquiring an additional 189 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $216.86 on Thursday. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $226.02. The business has a 50-day moving average of $193.11 and a two-hundred day moving average of $189.90. The company has a market capitalization of $23.85 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 3.31 and a beta of 0.65.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. BMO Capital Markets upped their price target on Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Robert W. Baird cut their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, 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 research note on Friday, January 17th. Nineteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $215.59.

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.