Check Point Software Technologies Ltd. (NASDAQ:CHKP) Position Boosted by Simmons Bank

Simmons Bank lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,451 shares of the technology company’s stock after purchasing an additional 56 shares during the quarter. Simmons Bank’s holdings in Check Point Software Technologies were worth $5,685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. FSA Wealth Management LLC acquired a new position in Check Point Software Technologies in the 3rd quarter valued at approximately $27,000. GAMMA Investing LLC grew its holdings in shares of 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 acquiring an additional 60 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the fourth quarter worth $35,000. Strategic Financial Concepts LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth $35,000. Finally, Concord Wealth Partners acquired a new stake in Check Point Software Technologies during the third quarter valued at $37,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on CHKP. Royal Bank of Canada upped their target price on Check Point Software Technologies from $187.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Friday, January 31st. Piper Sandler increased their price objective on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Susquehanna boosted their target price on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Finally, Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Nineteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus target price of $218.50.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $218.63 on Wednesday. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $226.02. The company has a fifty day moving average price of $199.35 and a 200 day moving average price of $192.67. The stock has a market cap of $24.05 billion, a P/E ratio of 29.27, a PEG ratio of 3.41 and a beta of 0.65.

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.