Kestra Investment Management LLC Invests $336,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Kestra Investment Management LLC purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,802 shares of the technology company’s stock, valued at approximately $336,000.

Several other hedge funds have also bought and sold shares of CHKP. Atria Wealth Solutions Inc. lifted its stake in shares of Check Point Software Technologies by 42.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 4,161 shares of the technology company’s stock valued at $777,000 after purchasing an additional 1,247 shares during the period. Venturi Wealth Management LLC increased its holdings in Check Point Software Technologies by 5,018.2% in the fourth quarter. Venturi Wealth Management LLC now owns 563 shares of the technology company’s stock valued at $105,000 after buying an additional 552 shares in the last quarter. Truist Financial Corp raised its position in shares of Check Point Software Technologies by 2.6% in the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock worth $22,311,000 after acquiring an additional 3,080 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Check Point Software Technologies by 14.5% during the 4th quarter. CIBC Asset Management Inc now owns 9,589 shares of the technology company’s stock worth $1,790,000 after acquiring an additional 1,215 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of Check Point Software Technologies by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 4,924 shares of the technology company’s stock valued at $919,000 after acquiring an additional 231 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CHKP shares. Truist Financial reiterated a “buy” rating and set a $250.00 price target (up previously from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Susquehanna increased their target price on 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. JPMorgan Chase & Co. lifted their price target on shares of Check Point Software Technologies from $207.00 to $221.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Nineteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Stock Up 1.1 %

Shares of NASDAQ:CHKP opened at $222.92 on Thursday. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The stock has a market cap of $24.52 billion, a P/E ratio of 29.84, a PEG ratio of 3.46 and a beta of 0.65. The business has a fifty day moving average of $196.37 and a two-hundred day moving average of $191.24.

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.