Oregon Pacific Wealth Management LLC Makes New Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Oregon Pacific Wealth Management LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,845 shares of the technology company’s stock, valued at approximately $344,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bleakley Financial Group LLC grew its stake in shares of Check Point Software Technologies by 3.3% during the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after buying an additional 57 shares during the last quarter. Regatta Capital Group LLC raised its stake in shares of Check Point Software Technologies by 4.9% during the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after acquiring an additional 57 shares during the last quarter. GAMMA Investing LLC raised its stake 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 during the last quarter. Strategic Investment Advisors MI raised its stake in shares of Check Point Software Technologies by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock valued at $423,000 after acquiring an additional 60 shares during the last quarter. Finally, Brighton Jones LLC raised its stake in shares of Check Point Software Technologies by 5.2% during the third quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock valued at $258,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 0.4 %

Shares of CHKP stock opened at $218.02 on Monday. The firm has a market capitalization of $23.98 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 3.41 and a beta of 0.65. The stock has a fifty day moving average of $188.67 and a 200 day moving average of $187.85. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.02.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CHKP shares. Mizuho increased their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Morgan Stanley upped 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. Barclays upped their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Thursday. Bank of America cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $205.00 to $195.00 in a research note on Wednesday, October 30th. Finally, Truist Financial reaffirmed a “buy” rating and set a $250.00 price objective (up from $220.00) on shares of Check Point Software Technologies in a report on Friday. Nineteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $215.27.

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.