Oppenheimer Asset Management Inc. Increases Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Oppenheimer Asset Management Inc. raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 96.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,881 shares of the technology company’s stock after buying an additional 3,865 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Check Point Software Technologies were worth $1,471,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CHKP. Argonautica Private Wealth Management Inc. increased its stake in shares of Check Point Software Technologies by 0.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock valued at $1,121,000 after purchasing an additional 56 shares in the last quarter. Regatta Capital Group LLC grew its holdings in 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 period. Kingsview Wealth Management LLC increased its position in shares of Check Point Software Technologies by 3.1% in the fourth 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 in the last quarter. GAMMA Investing LLC raised its stake 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 worth $32,000 after buying an additional 60 shares during the period. Finally, Strategic Investment Advisors MI lifted its position in shares of Check Point Software Technologies by 2.7% during the 4th quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock valued at $423,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $221.09 on Tuesday. The company has a market capitalization of $24.32 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 3.41 and a beta of 0.65. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $226.02. The firm has a 50 day moving average price of $202.03 and a 200 day moving average price of $193.70.

Wall Street Analysts Forecast Growth

CHKP has been the subject of a number of research analyst reports. Guggenheim restated a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Piper Sandler raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $220.00 to $260.00 in a research note on Monday. Citigroup raised their price target on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, Susquehanna raised their target price on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Eighteen analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $224.86.

Check Point Software Technologies Company 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.