Meritage Portfolio Management Has $7.46 Million Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Meritage Portfolio Management lowered its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.6% during the fourth quarter, HoldingsChannel reports. The firm owned 39,967 shares of the technology company’s stock after selling 655 shares during the quarter. Meritage Portfolio Management’s holdings in Check Point Software Technologies were worth $7,462,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the third quarter worth about $27,000. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 60 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in Check Point Software Technologies during the 3rd quarter worth approximately $33,000. Concord Wealth Partners bought a new position in shares of Check Point Software Technologies during the 3rd quarter worth approximately $37,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of 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 valued at $44,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

CHKP stock opened at $212.26 on Wednesday. The business’s fifty day moving average price is $189.90 and its two-hundred day moving average price is $188.55. The stock has a market capitalization of $23.34 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 3.41 and a beta of 0.65. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $226.02.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Jefferies Financial Group increased their target price on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Stifel Nicolaus upped their price objective on 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. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $250.00 price target (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, Susquehanna lifted their price objective on shares of 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. Nineteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $215.59.

About Check Point Software Technologies

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.