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

Golden State Wealth Management LLC purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 189 shares of the technology company’s stock, valued at approximately $35,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $27,000. GAMMA Investing LLC boosted its position in shares of Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $35,000. Concord Wealth Partners acquired a new position in Check Point Software Technologies during the third quarter worth $37,000. Finally, Exchange Traded Concepts LLC increased its position in shares of Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Bank of America cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 target price on shares of Check Point Software Technologies in a research report on Monday, January 27th. UBS Group raised their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Finally, Robert W. Baird dropped their price objective on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Nineteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $215.59.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $218.52 on Wednesday. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $226.02. The stock has a market cap of $24.03 billion, a P/E ratio of 29.25, a P/E/G ratio of 3.31 and a beta of 0.65. The firm has a 50 day moving average price of $192.48 and a 200 day moving average price of $189.64.

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.