Paradigm Asset Management Co. LLC Invests $859,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Paradigm Asset Management Co. LLC bought a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, HoldingsChannel reports. The firm bought 4,600 shares of the technology company’s stock, valued at approximately $859,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHKP. Regatta Capital Group LLC boosted its holdings in Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after acquiring an additional 57 shares during the period. Kingsview Wealth Management LLC raised its position in Check Point Software Technologies by 3.1% during the 4th 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 position in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after purchasing an additional 60 shares in the last quarter. Strategic Investment Advisors MI raised its position in 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 valued at $423,000 after purchasing an additional 60 shares in the last quarter. Finally, Moloney Securities Asset Management LLC raised its position in Check Point Software Technologies by 1.2% during the 4th quarter. Moloney Securities Asset Management LLC now owns 5,295 shares of the technology company’s stock valued at $989,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $218.75 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $226.02. The stock has a market cap of $24.06 billion, a PE ratio of 29.28, a P/E/G ratio of 3.48 and a beta of 0.65. The stock’s fifty day moving average is $197.65 and its two-hundred day moving average is $191.65.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CHKP. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a research report on Monday, January 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 note on Friday, January 31st. The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their target price for the stock from $204.00 to $207.00 in a research note on Thursday, January 2nd. Citigroup upped their target price 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. Finally, Morgan Stanley upped their target price on Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Nineteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $215.59.

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.