FSB Premier Wealth Management Inc. Grows Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

FSB Premier Wealth Management Inc. grew its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 23.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,850 shares of the technology company’s stock after acquiring an additional 537 shares during the period. FSB Premier Wealth Management Inc.’s holdings in Check Point Software Technologies were worth $532,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the third quarter valued at about $27,000. GAMMA Investing LLC increased 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 buying an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $35,000. Strategic Financial Concepts LLC purchased a new stake in Check Point Software Technologies during the 4th quarter worth about $35,000. Finally, Exchange Traded Concepts LLC lifted its holdings in Check Point Software Technologies by 142.7% in 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 in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Trading Down 1.3 %

Shares of NASDAQ:CHKP opened at $228.37 on Monday. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $238.43. The firm has a market cap of $25.12 billion, a PE ratio of 30.57, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The company has a fifty day simple moving average of $217.58 and a 200 day simple moving average of $198.60.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CHKP shares. Stifel Nicolaus upped their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Morgan Stanley began coverage on Check Point Software Technologies in a report on Tuesday, March 18th. They set an “equal weight” rating and a $235.00 price objective on the stock. Robert W. Baird upgraded Check Point Software Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $235.00 to $255.00 in a research report on Thursday, February 27th. Scotiabank lifted their price target on Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company upgraded shares of Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $200.00 to $280.00 in a report on Friday, March 14th. Sixteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $234.18.

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.