Parallel Advisors LLC Has $414,000 Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Parallel Advisors LLC decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,216 shares of the technology company’s stock after selling 161 shares during the period. Parallel Advisors LLC’s holdings in Check Point Software Technologies were worth $414,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gitterman Wealth Management LLC grew its stake in Check Point Software Technologies by 3.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock valued at $286,000 after acquiring an additional 48 shares during the period. Argonautica Private Wealth Management Inc. boosted its holdings in shares of Check Point Software Technologies by 0.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock valued at $1,121,000 after buying an additional 56 shares during the period. Regatta Capital Group LLC boosted its holdings in shares of Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after buying an additional 57 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of Check Point Software Technologies by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after buying an additional 57 shares during the period. Finally, GAMMA Investing LLC boosted its stake 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 worth $32,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

CHKP opened at $227.97 on Friday. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $232.37. The company has a market capitalization of $25.07 billion, a P/E ratio of 30.52, a P/E/G ratio of 3.41 and a beta of 0.62. The stock has a fifty day moving average of $213.13 and a 200-day moving average of $197.08.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CHKP. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research report 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 stock a “market perform” rating in a research report on Monday, February 3rd. Scotiabank increased their target price on shares of Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. Morgan Stanley initiated coverage on shares of Check Point Software Technologies in a research note on Tuesday. They issued an “equal weight” rating and a $235.00 price target on the stock. Finally, Truist Financial restated a “buy” rating and set a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. 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, the stock has a consensus rating of “Hold” and a consensus target price of $229.86.

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.