Gitterman Wealth Management LLC Buys 48 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Gitterman Wealth Management LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,533 shares of the technology company’s stock after purchasing an additional 48 shares during the quarter. Gitterman Wealth Management LLC’s holdings in Check Point Software Technologies were worth $286,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new position in Check Point Software Technologies during the third quarter valued at $27,000. GAMMA Investing LLC boosted its stake in shares of Check Point Software Technologies by 53.1% during the 4th 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 period. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies during the 4th quarter valued at about $35,000. Strategic Financial Concepts LLC purchased a new stake in Check Point Software Technologies in the 4th quarter worth about $35,000. Finally, Exchange Traded Concepts LLC lifted its stake in Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CHKP. Susquehanna increased their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a report on Friday, January 31st. BMO Capital Markets increased their target price on Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Jefferies Financial Group boosted their target price on shares of 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. Morgan Stanley lifted their price objective on shares of Check Point Software Technologies from $183.00 to $200.00 and gave the company an “equal weight” rating in a report on Friday, January 31st. Finally, Stifel Nicolaus upped 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. Eighteen equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $227.26.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $224.84 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $230.65. The business has a fifty day moving average price of $208.38 and a 200-day moving average price of $195.79. The stock 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.

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.