Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 44.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,943 shares of the technology company’s stock after acquiring an additional 43,165 shares during the period. Assetmark Inc. owned approximately 0.13% of Check Point Software Technologies worth $26,314,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new stake in Check Point Software Technologies during the third quarter worth $27,000. GAMMA Investing LLC boosted its position 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 worth $32,000 after purchasing an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in Check Point Software Technologies during the fourth quarter worth $35,000. Strategic Financial Concepts LLC purchased a new stake in Check Point Software Technologies during the fourth quarter worth $35,000. Finally, Exchange Traded Concepts LLC boosted its position in Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after purchasing an additional 137 shares in the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CHKP. Barclays boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 30th. The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Susquehanna upped their price objective on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Mizuho upped their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Finally, Scotiabank upped their price objective on Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research report on Friday, January 31st. Seventeen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $224.86.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $221.60 on Thursday. The firm has a market capitalization of $24.37 billion, a PE ratio of 29.67, a P/E/G ratio of 3.41 and a beta of 0.62. The business has a 50-day moving average of $203.30 and a two-hundred day moving average of $194.14. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $226.02.

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.