Creative Financial Designs Inc. ADV Sells 6,014 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Creative Financial Designs Inc. ADV reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 82.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,256 shares of the technology company’s stock after selling 6,014 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Check Point Software Technologies were worth $234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Gitterman Wealth Management LLC lifted its stake in shares of Check Point Software Technologies by 3.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after acquiring an additional 48 shares during the period. Argonautica Private Wealth Management Inc. lifted its stake in shares of Check Point Software Technologies by 0.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after acquiring an additional 56 shares during the period. Regatta Capital Group LLC lifted its stake in shares of 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 worth $229,000 after acquiring an additional 57 shares during the period. Kingsview Wealth Management LLC lifted its stake 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 worth $353,000 after acquiring an additional 57 shares during the period. Finally, GAMMA Investing LLC lifted 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 acquiring an additional 60 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Robert W. Baird raised Check Point Software Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $235.00 to $255.00 in a research note on Thursday, February 27th. Guggenheim reissued a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. Piper Sandler raised Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $220.00 to $260.00 in a research note on Monday, March 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 price target on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Finally, BMO Capital Markets boosted their price target on Check Point Software Technologies from $215.00 to $245.00 and gave the company a “market perform” rating in a research note on Monday, February 3rd. Eighteen research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $229.86.

Check Point Software Technologies Trading Up 0.2 %

Shares of Check Point Software Technologies stock opened at $230.32 on Thursday. The stock has a fifty day simple moving average of $211.30 and a 200 day simple moving average of $196.61. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $232.37. The company has a market capitalization of $25.33 billion, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

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.