Meitav Investment House Ltd. Acquires 19,818 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Meitav Investment House Ltd. increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 11.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 196,267 shares of the technology company’s stock after purchasing an additional 19,818 shares during the period. Meitav Investment House Ltd. owned approximately 0.18% of Check Point Software Technologies worth $36,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the 3rd quarter worth approximately $27,000. GAMMA Investing LLC increased 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 buying an additional 60 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $35,000. Strategic Financial Concepts LLC purchased a new stake in Check Point Software Technologies during the 4th quarter valued at about $35,000. Finally, Concord Wealth Partners bought a new position in Check Point Software Technologies during the 3rd quarter worth approximately $37,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Royal Bank of Canada increased their price target on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Evercore ISI boosted their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Robert W. Baird dropped their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, BMO Capital Markets boosted their price target on Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. Nineteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $215.59.

Check Point Software Technologies Stock Up 1.1 %

CHKP stock opened at $222.92 on Thursday. The business has a 50 day moving average of $196.37 and a 200 day moving average of $191.24. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $226.02. The firm has a market cap of $24.52 billion, a PE ratio of 29.84, a price-to-earnings-growth ratio of 3.46 and a beta of 0.65.

Check Point Software Technologies 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.