Bruni J V & Co. Co. Boosts Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Bruni J V & Co. Co. lifted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 118,434 shares of the technology company’s stock after purchasing an additional 1,090 shares during the quarter. Check Point Software Technologies makes up 2.5% of Bruni J V & Co. Co.’s holdings, making the stock its 17th biggest holding. Bruni J V & Co. Co.’s holdings in Check Point Software Technologies were worth $22,112,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHKP. Private Advisor Group LLC boosted its holdings in shares of Check Point Software Technologies by 6.1% in the 3rd quarter. Private Advisor Group LLC now owns 2,108 shares of the technology company’s stock worth $406,000 after purchasing an additional 121 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Check Point Software Technologies by 115.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,992 shares of the technology company’s stock worth $963,000 after acquiring an additional 2,674 shares during the last quarter. abrdn plc grew its position in Check Point Software Technologies by 40.5% during the 3rd quarter. abrdn plc now owns 18,460 shares of the technology company’s stock worth $3,559,000 after acquiring an additional 5,321 shares during the last quarter. Integrated Advisors Network LLC bought a new position in Check Point Software Technologies during the 3rd quarter worth approximately $210,000. Finally, Principal Securities Inc. grew its position in Check Point Software Technologies by 6.8% during the 3rd quarter. Principal Securities Inc. now owns 28,352 shares of the technology company’s stock worth $5,467,000 after acquiring an additional 1,810 shares during the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHKP has been the topic of several recent research reports. Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. Stifel Nicolaus raised their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Truist Financial restated a “buy” rating and set a $250.00 price target (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Royal Bank of Canada restated a “sector perform” rating and set a $215.00 price target on shares of Check Point Software Technologies in a research report on Thursday. Finally, StockNews.com cut Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Eighteen investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $221.91.

Check Point Software Technologies Price Performance

Shares of CHKP opened at $220.26 on Friday. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $226.02. The firm has a market capitalization of $24.22 billion, a P/E ratio of 29.49, a PEG ratio of 3.41 and a beta of 0.65. The business has a fifty day moving average of $201.38 and a 200 day moving average of $193.31.

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.