Kingsview Wealth Management LLC Has $353,000 Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Kingsview Wealth Management LLC increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,891 shares of the technology company’s stock after purchasing an additional 57 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Check Point Software Technologies were worth $353,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Check Point Software Technologies by 73.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after buying an additional 464,821 shares during the last quarter. World Investment Advisors LLC acquired a new position in Check Point Software Technologies during the 3rd quarter worth $51,922,000. FMR LLC boosted its holdings in Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after acquiring an additional 252,581 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after purchasing an additional 177,104 shares during the last quarter. Finally, Boston Trust Walden Corp increased its stake in shares of Check Point Software Technologies by 26.9% in the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after purchasing an additional 103,388 shares during the period. Institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank of Canada increased their target price on Check Point Software Technologies from $187.00 to $215.00 and gave the company a “sector perform” rating in a research note on Friday, January 31st. Barclays raised 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 research note on Thursday, January 30th. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Citigroup raised their price target on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, 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. Nineteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $215.59.

Check Point Software Technologies Stock Up 2.0 %

Shares of Check Point Software Technologies stock opened at $221.12 on Friday. The stock has a market capitalization of $24.32 billion, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 3.31 and a beta of 0.65. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $226.02. The company has a 50-day simple moving average of $193.65 and a 200 day simple moving average of $190.09.

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.