Steward Partners Investment Advisory LLC Lowers Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Steward Partners Investment Advisory LLC decreased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,079 shares of the technology company’s stock after selling 502 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Check Point Software Technologies were worth $3,189,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. FSA Wealth Management LLC bought a new position in Check Point Software Technologies in the 3rd quarter worth approximately $27,000. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the fourth quarter worth $35,000. Exchange Traded Concepts LLC boosted its position 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 worth $44,000 after acquiring an additional 137 shares during the last quarter. Finally, Iron Horse Wealth Management LLC grew its stake in 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 in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

CHKP has been the subject of several research reports. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday, January 27th. Baird R W raised Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Scotiabank raised their price target 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. Jefferies Financial Group upped their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Mizuho raised their target price on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Seventeen 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 company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $224.86.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $230.20 on Friday. The stock has a 50 day moving average price of $204.80 and a 200 day moving average price of $194.65. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $230.65. The firm has a market capitalization of $25.32 billion, a P/E ratio of 30.82, a P/E/G ratio of 3.41 and a beta of 0.62.

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.