HighTower Advisors LLC Increases Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

HighTower Advisors LLC lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,802 shares of the technology company’s stock after buying an additional 865 shares during the period. HighTower Advisors LLC owned approximately 0.06% of Check Point Software Technologies worth $11,352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the 3rd quarter worth approximately $27,000. GAMMA Investing LLC boosted its stake in shares of 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 buying an additional 60 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $35,000. Exchange Traded Concepts LLC boosted its stake in shares of Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after buying an additional 137 shares during the last quarter. Finally, Iron Horse Wealth Management LLC boosted its stake in shares of Check Point Software Technologies by 370.6% in the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock worth $45,000 after buying an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 4.6 %

NASDAQ CHKP opened at $224.84 on Monday. The stock’s 50-day simple moving average is $208.38 and its two-hundred day simple moving average is $195.84. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $230.65. The company has a market capitalization of $24.73 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 3.41 and a beta of 0.62.

Analysts Set New Price Targets

CHKP has been the topic of several research analyst reports. Mizuho upped their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Arete Research upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, February 24th. Baird R W upgraded Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $221.00 to $255.00 in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group upped their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Eighteen equities research 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 data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and an average target price of $227.26.

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.