Argonautica Private Wealth Management Inc. Has $1.12 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Argonautica Private Wealth Management Inc. lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,002 shares of the technology company’s stock after acquiring an additional 56 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Check Point Software Technologies were worth $1,121,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CHKP. Bank of Montreal Can raised its holdings in Check Point Software Technologies by 32.2% in the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock valued at $16,532,000 after acquiring an additional 20,866 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Check Point Software Technologies in the third quarter valued at $1,599,000. Truist Financial Corp lifted its position in 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 purchasing an additional 3,080 shares during the period. MML Investors Services LLC boosted its stake in Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after buying an additional 3,655 shares in the last quarter. Finally, McHugh Group LLC bought a new stake in Check Point Software Technologies in the 4th quarter valued at $241,000. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

CHKP opened at $218.63 on Wednesday. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The company has a market cap of $24.05 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65. The firm has a 50 day simple moving average of $199.35 and a 200 day simple moving average of $192.67.

Wall Street Analyst Weigh In

CHKP has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Citigroup raised their price target on shares of 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. StockNews.com lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday. Piper Sandler raised their target price on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Finally, UBS Group upped their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Twenty equities research 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.com, the stock currently has an average rating of “Hold” and a consensus price target of $216.95.

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.