Moloney Securities Asset Management LLC Buys 65 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Moloney Securities Asset Management LLC grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,295 shares of the technology company’s stock after purchasing an additional 65 shares during the period. Moloney Securities Asset Management LLC’s holdings in Check Point Software Technologies were worth $989,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHKP. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies in the third quarter worth $27,000. GAMMA Investing LLC increased its position in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Check Point Software Technologies in the third quarter valued at $33,000. Golden State Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth about $35,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Check Point Software Technologies during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CHKP shares. Morgan Stanley increased their price objective on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a research report on Friday, January 31st. Jefferies Financial Group increased their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Piper Sandler upped their price objective on Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. Finally, Robert W. Baird decreased their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Nineteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $215.59.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $212.24 on Monday. The company’s 50-day simple moving average is $191.83 and its 200-day simple moving average is $189.34. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The stock has a market capitalization of $23.34 billion, a P/E ratio of 28.41, a P/E/G ratio of 3.31 and a beta of 0.65.

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.