Marks Group Wealth Management Inc Takes Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Marks Group Wealth Management Inc bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,664 shares of the technology company’s stock, valued at approximately $497,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHKP. Bank of Montreal Can grew its position in shares of Check Point Software Technologies by 32.2% in the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock valued at $16,532,000 after acquiring an additional 20,866 shares during the period. CWA Asset Management Group LLC acquired a new stake in Check Point Software Technologies in the 3rd quarter valued at about $1,599,000. MML Investors Services LLC grew its holdings in 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 worth $19,957,000 after purchasing an additional 3,655 shares during the period. McHugh Group LLC acquired a new position in Check Point Software Technologies during the fourth quarter worth approximately $241,000. Finally, Martin Investment Management LLC raised its stake in Check Point Software Technologies by 2.0% in the third quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock valued at $31,497,000 after buying an additional 3,225 shares during the period. 98.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CHKP has been the subject of several research analyst reports. Morgan Stanley lifted their target price on Check Point Software Technologies from $183.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Check Point Software Technologies in a research report on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on shares of Check Point Software Technologies from $207.00 to $221.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Finally, Jefferies Financial Group upped their price target on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Nineteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Stock Down 0.8 %

CHKP stock opened at $216.86 on Thursday. The company’s 50-day moving average price is $193.11 and its two-hundred day moving average price is $189.90. The firm has a market cap of $23.85 billion, a P/E ratio of 29.03, a P/E/G ratio of 3.31 and a beta of 0.65. 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.