Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,000 shares of the technology company’s stock after selling 535 shares during the quarter. Farther Finance Advisors LLC’s holdings in Check Point Software Technologies were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies during the 3rd quarter valued at $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 valued at $32,000 after purchasing an additional 60 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the fourth quarter valued at about $35,000. Exchange Traded Concepts LLC lifted its holdings in 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 during the period. Finally, Iron Horse Wealth Management LLC grew its position in Check Point Software Technologies by 370.6% in the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $45,000 after buying an additional 189 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of Check Point Software Technologies from $215.00 to $245.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Stifel Nicolaus upped their target price on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a “hold” rating in a research report on Friday, January 31st. Susquehanna lifted their price target 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. StockNews.com lowered Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Thursday. Finally, UBS Group lifted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Eighteen analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $227.26.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $224.84 on Friday. The company has a 50 day simple moving average of $208.38 and a 200-day simple moving average of $195.74. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $230.65. The firm has a market capitalization of $24.73 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

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.