Ashton Thomas Private Wealth LLC Has $1.32 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ashton Thomas Private Wealth LLC increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 9.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,052 shares of the technology company’s stock after purchasing an additional 609 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Check Point Software Technologies were worth $1,317,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew its position in Check Point Software Technologies by 28.7% during the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after buying an additional 252,581 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Check Point Software Technologies by 73.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after buying an additional 464,821 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in Check Point Software Technologies by 26.9% during the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock valued at $90,976,000 after purchasing an additional 103,388 shares in the last quarter. Swedbank AB boosted its holdings in Check Point Software Technologies by 1.1% during the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock valued at $79,915,000 after purchasing an additional 4,760 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in Check Point Software Technologies during the third quarter valued at approximately $51,922,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday, January 27th. Robert W. Baird raised Check Point Software Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $235.00 to $255.00 in a report on Thursday, February 27th. Mizuho lifted their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a report on Wednesday, February 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Finally, JPMorgan Chase & Co. raised Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $221.00 to $255.00 in a report on Wednesday, February 26th. Seventeen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $224.86.

Check Point Software Technologies Price Performance

CHKP stock opened at $230.20 on Friday. The company has a 50 day moving average price of $204.80 and a 200 day moving average price of $194.69. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $230.65. The stock has a market capitalization of $25.32 billion, a PE ratio of 30.82, 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.