Leo Wealth LLC Purchases Shares of 4,064 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Leo Wealth LLC acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,064 shares of the technology company’s stock, valued at approximately $759,000.

A number of other hedge funds have also modified their holdings of the company. Bleakley Financial Group LLC lifted its stake in Check Point Software Technologies by 3.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock valued at $346,000 after acquiring an additional 57 shares in the last quarter. Regatta Capital Group LLC raised its holdings in shares of Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after purchasing an additional 57 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares in the last quarter. Strategic Investment Advisors MI boosted its holdings in 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 worth $423,000 after purchasing an additional 60 shares during the last quarter. Finally, Brighton Jones LLC grew its position in Check Point Software Technologies by 5.2% in the third quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock valued at $258,000 after purchasing an additional 66 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on CHKP shares. Susquehanna boosted their price target on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. Bank of America cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. UBS Group boosted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Truist Financial reissued a “buy” rating and issued a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Finally, Citigroup boosted 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 report on Friday, January 17th. Nineteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Price Performance

CHKP stock opened at $212.24 on Friday. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The stock has a market capitalization of $23.34 billion, a price-to-earnings ratio of 28.41, a PEG ratio of 3.41 and a beta of 0.65. The business’s fifty day moving average price is $191.22 and its two-hundred day moving average price is $188.92.

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.