Anchor Investment Management LLC Sells 210 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Anchor Investment Management LLC trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,775 shares of the technology company’s stock after selling 210 shares during the period. Anchor Investment Management LLC’s holdings in Check Point Software Technologies were worth $1,078,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies in the fourth quarter worth about $25,000. GAMMA Investing LLC raised 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 worth $32,000 after purchasing an additional 60 shares during the period. Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at approximately $35,000. Strategic Financial Concepts LLC bought a new position in Check Point Software Technologies during the fourth quarter valued at $35,000. Finally, Exchange Traded Concepts LLC increased its position 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 buying an additional 137 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CHKP. Citigroup increased 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. Truist Financial reiterated a “buy” rating and set a $250.00 target price (up previously from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Compass Point set a $260.00 price target on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Finally, Piper Sandler raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $220.00 to $260.00 in a report on Monday, March 3rd. Fifteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.13.

Check Point Software Technologies Price Performance

Shares of CHKP opened at $224.47 on Wednesday. The firm has a market cap of $24.69 billion, a P/E ratio of 30.05, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36. The stock has a 50 day simple moving average of $221.73 and a two-hundred day simple moving average of $201.07.

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.