Diamond Hill Capital Management Inc. Has $9.41 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Diamond Hill Capital Management Inc. decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,395 shares of the technology company’s stock after selling 131 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Check Point Software Technologies were worth $9,409,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Argonautica Private Wealth Management Inc. grew its position in shares of Check Point Software Technologies by 0.9% during the 4th 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 period. Regatta Capital Group LLC grew its holdings in 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 worth $229,000 after purchasing an additional 57 shares during the period. Kingsview Wealth Management LLC increased its stake in 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 purchasing an additional 57 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 valued at $32,000 after purchasing an additional 60 shares during the period. Finally, Strategic Investment Advisors MI boosted its position in shares of Check Point Software Technologies by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock worth $423,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 4.6 %

Check Point Software Technologies stock opened at $224.84 on Friday. The firm has a 50 day moving average price of $208.38 and a 200-day moving average price of $195.74. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $230.65. The company has a market capitalization of $24.73 billion, a P/E ratio of 30.10, a P/E/G ratio of 3.41 and a beta of 0.62.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Robert W. Baird raised Check Point Software Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Stifel Nicolaus upped their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price objective on shares of Check Point Software Technologies in a report on Thursday, February 27th. JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $221.00 to $255.00 in a report on Wednesday, February 26th. Finally, Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $227.26.

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.