Parallel Advisors LLC Has $414,000 Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Parallel Advisors LLC lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,216 shares of the technology company’s stock after selling 161 shares during the period. Parallel Advisors LLC’s holdings in Check Point Software Technologies were worth $414,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. FSA Wealth Management LLC acquired a new position in Check Point Software Technologies in the 3rd quarter valued at approximately $27,000. GAMMA Investing LLC boosted its stake 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 acquired a new position in shares of Check Point Software Technologies in the 4th quarter valued at $35,000. Strategic Financial Concepts LLC bought a new position in shares of Check Point Software Technologies during the 4th quarter worth about $35,000. Finally, Exchange Traded Concepts LLC increased its stake 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. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

CHKP opened at $227.97 on Friday. The company has a fifty day moving average price of $213.13 and a two-hundred day moving average price of $197.08. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $232.37. The firm has a market capitalization of $25.07 billion, a PE ratio of 30.52, a P/E/G ratio of 3.41 and a beta of 0.62.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHKP. Arete Research raised Check Point Software Technologies to a “hold” rating in a report on Monday, February 24th. Scotiabank increased their target price on Check Point Software Technologies from $215.00 to $250.00 and gave the stock a “sector outperform” rating in a report on Friday, January 31st. UBS Group increased their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Finally, Citigroup increased their target price on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Seventeen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $229.86.

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.