Moors & Cabot Inc. Sells 369 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Moors & Cabot Inc. cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.5% in the 4th quarter, Holdings Channel reports. The firm owned 10,076 shares of the technology company’s stock after selling 369 shares during the period. Moors & Cabot Inc.’s holdings in Check Point Software Technologies were worth $1,881,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies during the third quarter worth $27,000. GAMMA Investing LLC increased its holdings in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth $35,000. Strategic Financial Concepts LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth $35,000. Finally, Exchange Traded Concepts LLC increased its holdings in shares of Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after buying an additional 137 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHKP. Barclays upped their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price target on shares of Check Point Software Technologies in a report on Thursday, February 27th. Truist Financial reiterated a “buy” rating and set a $250.00 price target (up from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Susquehanna upped 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 report on Friday, January 31st. Finally, Citigroup increased their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a report on Friday, January 17th. Eighteen research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and an average target price of $224.86.

Check Point Software Technologies Trading Down 2.0 %

Shares of Check Point Software Technologies stock opened at $217.99 on Thursday. The business has a 50-day moving average price of $206.90 and a two-hundred day moving average price of $195.36. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $230.65. The company has a market cap of $23.98 billion, a P/E ratio of 29.18, a PEG ratio of 3.41 and a beta of 0.62.

Check Point Software Technologies 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.