Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 87.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,636 shares of the technology company’s stock after purchasing an additional 7,314 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Check Point Software Technologies were worth $2,919,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the third quarter worth $27,000. GAMMA Investing LLC lifted its holdings in Check Point Software Technologies by 53.1% in 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 during the period. Golden State Wealth Management LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $35,000. Strategic Financial Concepts LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $35,000. Finally, Exchange Traded Concepts LLC lifted its holdings in Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after acquiring an additional 137 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

CHKP opened at $224.84 on Friday. The stock has a market capitalization of $24.73 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The business has a 50-day moving average of $208.38 and a two-hundred day moving average of $195.79. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $230.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Baird R W raised Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Truist Financial reissued a “buy” rating and issued a $250.00 target price (up previously from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Robert W. Baird raised Check Point Software Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the company from $235.00 to $255.00 in a report on Thursday, February 27th. Stifel Nicolaus raised their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, Barclays raised their price target 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. Eighteen equities research analysts have rated the stock with a hold rating, ten have assigned 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 currently has a consensus rating of “Hold” and an average price target of $227.26.

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.