Private Harbour Investment Management & Counsel LLC Sells 1,433 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Private Harbour Investment Management & Counsel LLC cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,004 shares of the technology company’s stock after selling 1,433 shares during the quarter. Check Point Software Technologies makes up approximately 3.9% of Private Harbour Investment Management & Counsel LLC’s investment portfolio, making the stock its 8th largest position. Private Harbour Investment Management & Counsel LLC’s holdings in Check Point Software Technologies were worth $3,548,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. FSA Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the 3rd quarter valued at $27,000. GAMMA Investing LLC raised its position 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 shares of Check Point Software Technologies during the 4th quarter worth about $35,000. Exchange Traded Concepts LLC grew its position in shares of Check Point Software Technologies by 142.7% during the 4th 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 increased 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 valued at $45,000 after purchasing an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on CHKP shares. Susquehanna boosted their price objective on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research report on Friday, January 31st. StockNews.com raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Friday, March 21st. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Cantor Fitzgerald reissued a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Finally, Citigroup lifted their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Seventeen research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $229.86.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $230.58 on Wednesday. The company has a market capitalization of $25.36 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The company’s 50 day simple moving average is $214.99 and its 200-day simple moving average is $197.76. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $232.37.

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.