Mitchell Sinkler & Starr PA Reduces Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mitchell Sinkler & Starr PA decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,254 shares of the technology company’s stock after selling 520 shares during the period. Check Point Software Technologies comprises approximately 1.6% of Mitchell Sinkler & Starr PA’s portfolio, making the stock its 23rd biggest holding. Mitchell Sinkler & Starr PA’s holdings in Check Point Software Technologies were worth $5,835,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new position in Check Point Software Technologies during the 3rd quarter valued at approximately $27,000. GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Check Point Software Technologies in the fourth quarter worth $35,000. Strategic Financial Concepts LLC bought a new stake in Check Point Software Technologies in the fourth quarter valued at $35,000. Finally, Exchange Traded Concepts LLC increased its position in Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after purchasing an additional 137 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $228.37 on Friday. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36. The stock has a 50-day moving average of $217.58 and a 200 day moving average of $198.48. The company has a market capitalization of $25.12 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 3.41 and a beta of 0.62.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of research reports. Truist Financial reaffirmed a “buy” rating and set a $250.00 target price (up previously from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Piper Sandler upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Morgan Stanley assumed coverage on Check Point Software Technologies in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $235.00 price target on the stock. StockNews.com downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Saturday. Finally, JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $221.00 to $255.00 in a report on Wednesday, February 26th. Sixteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $234.18.

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.