Moloney Securities Asset Management LLC Buys 65 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Moloney Securities Asset Management LLC increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,295 shares of the technology company’s stock after buying an additional 65 shares during the period. Moloney Securities Asset Management LLC’s holdings in Check Point Software Technologies were worth $989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bleakley Financial Group LLC lifted its position in 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 valued at $346,000 after purchasing an additional 57 shares during the period. Regatta Capital Group LLC raised its stake in Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after buying an additional 57 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in Check Point Software Technologies by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after buying an additional 57 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares during the last quarter. Finally, Strategic Investment Advisors MI grew its holdings in shares of Check Point Software Technologies by 2.7% in the fourth quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock worth $423,000 after acquiring an additional 60 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Down 0.1 %

Shares of CHKP stock opened at $212.24 on Monday. The stock has a market capitalization of $23.34 billion, a price-to-earnings ratio of 28.41, a price-to-earnings-growth 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. The stock’s 50-day moving average price is $191.83 and its 200-day moving average price is $189.34.

Analyst Ratings Changes

A number of research analysts have weighed in on CHKP shares. Bank of America downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Guggenheim reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a report on Monday, January 27th. Robert W. Baird decreased their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their price objective on shares of Check Point Software Technologies from $187.00 to $215.00 and gave the company a “sector perform” rating in a research report on Friday, January 31st. Nineteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $215.59.

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.