Bessemer Group Inc. Has $2.24 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Bessemer Group Inc. reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 90.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,981 shares of the technology company’s stock after selling 111,261 shares during the quarter. Bessemer Group Inc.’s holdings in Check Point Software Technologies were worth $2,237,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CHKP. Gitterman Wealth Management LLC grew its stake in Check Point Software Technologies by 3.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after buying an additional 48 shares in the last quarter. Argonautica Private Wealth Management Inc. boosted its position in shares of Check Point Software Technologies by 0.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after acquiring an additional 56 shares in the last quarter. Regatta Capital Group LLC increased its stake in 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 acquiring an additional 57 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Check Point Software Technologies by 3.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after purchasing an additional 57 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Check Point Software Technologies by 53.1% during the fourth 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 last quarter. Institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Baird R W raised Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Piper Sandler raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their price target for the company from $221.00 to $255.00 in a research note on Wednesday, February 26th. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, Barclays raised their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Fifteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $236.13.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $217.71 on Monday. The stock’s 50-day moving average is $221.43 and its 200 day moving average is $200.72. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36. The firm has a market cap of $23.94 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 3.41 and a beta of 0.62.

Check Point Software Technologies Company 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.