Transamerica Financial Advisors Inc. Has $104,000 Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Transamerica Financial Advisors Inc. lessened its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 48.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 554 shares of the technology company’s stock after selling 521 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Check Point Software Technologies were worth $104,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Gitterman Wealth Management LLC raised its position in shares of 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 purchasing an additional 48 shares during the period. Argonautica Private Wealth Management Inc. raised its holdings in Check Point Software Technologies by 0.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after buying an additional 56 shares during the last quarter. Regatta Capital Group LLC lifted its stake in shares of 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 buying an additional 57 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in shares of Check Point Software Technologies by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after buying an additional 57 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of 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 acquiring an additional 60 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 1.3 %

CHKP opened at $228.37 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The company has a market capitalization of $25.12 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 3.41 and a beta of 0.62. The firm has a 50-day moving average price of $217.58 and a 200-day moving average price of $198.54.

Analyst Upgrades and Downgrades

CHKP has been the topic of a number of analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Bank of America raised Check Point Software Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $230.00 to $260.00 in a research report on Thursday. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Wells Fargo & Company raised shares of Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $200.00 to $280.00 in a report on Friday, March 14th. Finally, Truist Financial reiterated a “buy” rating and issued a $250.00 target price (up previously from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Sixteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $234.18.

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.