Orion Portfolio Solutions LLC Increases Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Orion Portfolio Solutions LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 47.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,150 shares of the technology company’s stock after purchasing an additional 7,822 shares during the period. Orion Portfolio Solutions LLC’s holdings in Check Point Software Technologies were worth $4,509,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FSA Wealth Management LLC purchased a new stake in Check Point Software Technologies during the 3rd quarter valued at $27,000. GAMMA Investing LLC grew 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 acquiring an additional 60 shares during the period. Golden State Wealth Management LLC purchased a new stake in Check Point Software Technologies during the fourth quarter valued at $35,000. Exchange Traded Concepts LLC lifted 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 valued at $44,000 after acquiring an additional 137 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its position in Check Point Software Technologies by 370.6% in the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock worth $45,000 after purchasing an additional 189 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CHKP shares. Robert W. Baird raised shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Citigroup increased 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. Baird R W raised shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Mizuho upped their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Finally, Morgan Stanley initiated coverage on Check Point Software Technologies in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $235.00 target price on the stock. Sixteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $234.18.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $228.37 on Monday. The stock has a market capitalization of $25.12 billion, a PE ratio of 30.57, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $238.43. The business has a 50 day simple moving average of $217.58 and a two-hundred day simple moving average of $198.60.

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.