Carrera Capital Advisors Lowers Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Carrera Capital Advisors reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 63.5% during the first quarter, HoldingsChannel reports. The firm owned 895 shares of the technology company’s stock after selling 1,557 shares during the period. Carrera Capital Advisors’ holdings in Check Point Software Technologies were worth $204,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nemes Rush Group LLC purchased a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $29,000. Cromwell Holdings LLC purchased a new stake in Check Point Software Technologies in the first quarter valued at approximately $37,000. Abound Financial LLC purchased a new position in shares of Check Point Software Technologies during the first quarter worth approximately $40,000. Finally, TruNorth Capital Management LLC purchased a new position in shares of Check Point Software Technologies during the first quarter worth approximately $45,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Down 0.9%

Shares of Check Point Software Technologies stock opened at $220.11 on Monday. The company’s fifty day simple moving average is $222.85 and its two-hundred day simple moving average is $217.81. The company has a market cap of $24.21 billion, a P/E ratio of 29.04, a PEG ratio of 3.15 and a beta of 0.64. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35.

Analysts Set New Price Targets

Several research firms have commented on CHKP. Wells Fargo & Company decreased their price target on shares of Check Point Software Technologies from $280.00 to $265.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Wall Street Zen raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Roth Capital began coverage on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $215.00 price target on the stock. Barclays lifted their price target on shares of Check Point Software Technologies from $230.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, July 14th. Finally, Jefferies Financial Group lifted their price target on shares of Check Point Software Technologies from $255.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday. Fifteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Check Point Software Technologies has an average rating of “Moderate Buy” and a consensus target price of $236.50.

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.