Kentucky Trust Co Invests $400,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Kentucky Trust Co purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,140 shares of the technology company’s stock, valued at approximately $400,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. FSA Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth $27,000. GAMMA Investing LLC grew its stake 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. Golden State Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth $35,000. Concord Wealth Partners bought a new position in shares of Check Point Software Technologies in the third quarter worth $37,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of 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 worth $44,000 after purchasing an additional 137 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CHKP. The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Mizuho upped their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. UBS Group upped their price objective on 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, Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Nineteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies has an average rating of “Hold” and an average target price of $215.59.

Check Point Software Technologies Trading Up 1.6 %

Shares of NASDAQ CHKP opened at $218.52 on Wednesday. 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 $24.03 billion, a PE ratio of 29.25, a PEG ratio of 3.31 and a beta of 0.65. The business has a 50-day moving average price of $192.48 and a two-hundred 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.