Arbejdsmarkedets Tillaegspension acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 119,828 shares of the technology company’s stock, valued at approximately $22,235,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC purchased a new position in shares of Check Point Software Technologies during the 1st quarter worth approximately $262,000. EverSource Wealth Advisors LLC raised its stake in shares of Check Point Software Technologies by 24.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 598 shares of the technology company’s stock worth $132,000 after buying an additional 117 shares in the last quarter. Squarepoint Ops LLC grew its holdings in shares of Check Point Software Technologies by 20.9% in the 2nd quarter. Squarepoint Ops LLC now owns 26,464 shares of the technology company’s stock worth $5,855,000 after acquiring an additional 4,577 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Check Point Software Technologies by 6.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,240 shares of the technology company’s stock worth $8,018,000 after acquiring an additional 2,198 shares during the period. Finally, Diversify Advisory Services LLC grew its holdings in shares of Check Point Software Technologies by 17.3% in the 2nd quarter. Diversify Advisory Services LLC now owns 2,153 shares of the technology company’s stock worth $476,000 after acquiring an additional 317 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.
Check Point Software Technologies Trading Up 3.1%
NASDAQ CHKP opened at $124.03 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $112.23 and a twelve month high of $233.78. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 3.54 and a beta of 0.43. The firm’s 50 day moving average price is $140.03 and its two-hundred day moving average price is $168.45.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on CHKP shares. Susquehanna lowered their target price on Check Point Software Technologies from $255.00 to $140.00 and set a “positive” rating on the stock in a report on Friday, May 1st. BMO Capital Markets cut their price objective on Check Point Software Technologies from $210.00 to $135.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. JPMorgan Chase & Co. dropped their target price on Check Point Software Technologies from $185.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Roth Mkm set a $160.00 target price on Check Point Software Technologies in a research note on Friday, May 1st. Finally, The Goldman Sachs Group set a $168.00 price target on Check Point Software Technologies in a report on Friday, May 1st. Eight research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $146.50.
Check Out Our Latest Report on Check Point Software Technologies
Check Point Software Technologies Company Profile
Check Point Software Technologies Ltd. is an Israeli-founded cybersecurity company that develops, markets and supports a broad portfolio of network, cloud and endpoint security products. Founded in 1993, the company was an early pioneer of stateful inspection firewall technology and later developed a modular “software blade” approach that allowed customers to combine protection capabilities. Check Point’s product set spans physical and virtual security appliances, software and cloud-native services designed to prevent cyberattacks, protect data and simplify security management for enterprises and service providers.
Key product families include Quantum Security Gateways (on-premises and hybrid appliances), CloudGuard (cloud security posture and workload protection), Harmony (endpoint, remote access and unified endpoint security), and SandBlast (advanced threat prevention and sandboxing).
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