Freedom Investment Management Inc. Lowers Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Freedom Investment Management Inc. cut its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,916 shares of the technology company’s stock after selling 509 shares during the quarter. Freedom Investment Management Inc.’s holdings in Check Point Software Technologies were worth $1,104,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CHKP. Nemes Rush Group LLC bought a new stake in shares of Check Point Software Technologies during the fourth quarter valued at approximately $25,000. GAMMA Investing LLC lifted 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 in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter valued at $35,000. Exchange Traded Concepts LLC raised its position in Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after buying an additional 137 shares during the last quarter. Finally, Iron Horse Wealth Management LLC lifted its stake in Check Point Software Technologies by 370.6% during the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock valued at $45,000 after acquiring an additional 189 shares during the period. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

CHKP stock opened at $214.96 on Friday. The firm has a market cap of $23.64 billion, a PE ratio of 28.78, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62. The firm has a fifty day moving average price of $221.71 and a 200 day moving average price of $201.50. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $234.36.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $215.00 target price on shares of Check Point Software Technologies in a report on Thursday, February 27th. Stephens started coverage on Check Point Software Technologies in a report on Tuesday, April 1st. They issued an “equal weight” rating and a $255.00 target price on the stock. Jefferies Financial Group upped their price target on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Morgan Stanley reduced their target price on shares of Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Arete Research raised shares of Check Point Software Technologies to a “hold” rating in a research report on Monday, February 24th. Fifteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies has a consensus rating of “Moderate Buy” and an average price target of $235.50.

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.