1,500 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Acquired by Intellectus Partners LLC

Intellectus Partners LLC purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,500 shares of the technology company’s stock, valued at approximately $280,000.

Several other institutional investors have also recently added to or reduced their stakes in CHKP. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies in the third quarter valued at $27,000. GAMMA Investing LLC increased its position in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after buying an additional 60 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in Check Point Software Technologies in the 4th quarter valued at about $35,000. Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC boosted its holdings in 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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CHKP. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. StockNews.com upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Wednesday. Susquehanna upped their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a report on Friday, January 31st. Piper Sandler upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $220.00 to $260.00 in a research note on Monday, March 3rd. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $215.00 target price on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Seventeen research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price of $224.86.

Check Point Software Technologies Trading Up 3.0 %

CHKP opened at $230.20 on Friday. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $230.65. The company has a market cap of $25.32 billion, a PE ratio of 30.82, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The company has a 50 day moving average of $204.80 and a 200 day moving average of $194.69.

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.