Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Forge First Asset Management Inc.

Forge First Asset Management Inc. increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 25.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,004 shares of the technology company’s stock after purchasing an additional 5,800 shares during the quarter. Check Point Software Technologies accounts for 1.9% of Forge First Asset Management Inc.’s investment portfolio, making the stock its 18th largest position. Forge First Asset Management Inc.’s holdings in Check Point Software Technologies were worth $5,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CHKP. Argonautica Private Wealth Management Inc. lifted its position in shares of Check Point Software Technologies by 0.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after purchasing an additional 56 shares in the last quarter. Regatta Capital Group LLC boosted its position in shares of 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 purchasing an additional 57 shares in the last quarter. Kingsview Wealth Management LLC boosted its position in shares of 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 lifted its stake in 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 buying an additional 60 shares in the last quarter. Finally, Strategic Investment Advisors MI lifted its position in shares of Check Point Software Technologies by 2.7% in the fourth 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. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CHKP shares. UBS Group raised their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Arete Research upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, February 24th. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and increased their price target for the company from $221.00 to $255.00 in a research note on Wednesday, February 26th. Piper Sandler raised Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $220.00 to $260.00 in a research note on Monday, March 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $215.00 target price on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Seventeen equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $224.86.

Check Point Software Technologies Stock Down 1.3 %

Shares of NASDAQ:CHKP opened at $222.39 on Wednesday. The firm has a market cap of $24.46 billion, a P/E ratio of 29.77, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $230.65. The company’s 50-day moving average price is $206.28 and its two-hundred day moving average price is $195.20.

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.