Mutual of America Capital Management LLC Boosts Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mutual of America Capital Management LLC raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 72,913 shares of the technology company’s stock after purchasing an additional 3,489 shares during the period. Mutual of America Capital Management LLC owned 0.07% of Check Point Software Technologies worth $13,613,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at about $27,000. GAMMA Investing LLC boosted its holdings 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 valued at $32,000 after buying an additional 60 shares in the last quarter. 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 bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $35,000. Finally, Exchange Traded Concepts LLC boosted its holdings 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 valued at $44,000 after buying an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 1.6 %

Check Point Software Technologies stock opened at $220.26 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The firm has a market capitalization of $24.22 billion, a price-to-earnings ratio of 29.49, a PEG ratio of 3.41 and a beta of 0.65. The company has a fifty day simple moving average of $201.38 and a 200-day simple moving average of $193.31.

Analyst Ratings Changes

A number of research firms have recently weighed in on CHKP. Barclays raised their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a report on Thursday, January 30th. The Goldman Sachs Group cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price target for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Stifel Nicolaus lifted their target price on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research note on Friday, January 31st. Baird R W upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Finally, Citigroup lifted their target price on shares of 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. Eighteen investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $221.91.

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.