Private Harbour Investment Management & Counsel LLC Has $3.55 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Private Harbour Investment Management & Counsel LLC cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,004 shares of the technology company’s stock after selling 1,433 shares during the period. Check Point Software Technologies comprises 3.9% of Private Harbour Investment Management & Counsel LLC’s holdings, making the stock its 8th largest holding. Private Harbour Investment Management & Counsel LLC’s holdings in Check Point Software Technologies were worth $3,548,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CHKP. Bank of Montreal Can lifted its stake in Check Point Software Technologies by 32.2% in the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after purchasing an additional 20,866 shares during the last quarter. Truist Financial Corp grew its position in Check Point Software Technologies by 2.6% in the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock valued at $22,311,000 after acquiring an additional 3,080 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its stake in Check Point Software Technologies by 99.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock worth $928,000 after purchasing an additional 2,478 shares during the period. MML Investors Services LLC boosted its stake in shares of 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 valued at $19,957,000 after purchasing an additional 3,655 shares during the period. Finally, Hickory Asset Management Inc. bought a new position in shares of Check Point Software Technologies in the fourth quarter worth about $476,000. 98.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CHKP shares. Citigroup boosted their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Susquehanna increased their price objective on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research note on Friday, January 31st. Barclays lifted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. Arete Research raised Check Point Software Technologies to a “hold” rating in a research report on Monday, February 24th. Finally, StockNews.com upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Friday, March 21st. Seventeen equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $229.86.

Check Point Software Technologies Stock Up 1.1 %

Shares of NASDAQ CHKP opened at $230.58 on Wednesday. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $232.37. The business’s 50 day moving average price is $214.99 and its 200 day moving average price is $197.76. The firm has a market cap of $25.36 billion, a P/E ratio of 30.87, a P/E/G ratio of 3.41 and a beta of 0.62.

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.