Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 34,315 shares of the technology company’s stock, valued at approximately $6,367,000.
A number of other large investors have also recently added to or reduced their stakes in CHKP. AQR Capital Management LLC bought a new position in Check Point Software Technologies during the 1st quarter worth about $262,000. EverSource Wealth Advisors LLC increased its holdings in 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 purchasing an additional 117 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Check Point Software Technologies by 20.9% during the 2nd quarter. Squarepoint Ops LLC now owns 26,464 shares of the technology company’s stock worth $5,855,000 after purchasing an additional 4,577 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in Check Point Software Technologies by 6.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,240 shares of the technology company’s stock worth $8,018,000 after purchasing an additional 2,198 shares in the last quarter. Finally, Diversify Advisory Services LLC boosted its position in Check Point Software Technologies by 17.3% during 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 last quarter. Institutional investors own 98.51% of the company’s stock.
Check Point Software Technologies Trading Down 1.0%
Shares of NASDAQ:CHKP opened at $125.98 on Wednesday. Check Point Software Technologies Ltd. has a 52-week low of $112.23 and a 52-week high of $233.78. The company has a market capitalization of $13.30 billion, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 3.74 and a beta of 0.43. The company has a 50-day simple moving average of $138.50 and a 200 day simple moving average of $167.25. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.85 and a current ratio of 1.85.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on CHKP shares. Scotiabank lowered their price objective on shares of Check Point Software Technologies from $180.00 to $125.00 and set a “sector perform” rating on the stock in a report on Friday, May 1st. Piper Sandler downgraded shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a report on Thursday, April 30th. Roth Mkm set a $160.00 price objective on shares of Check Point Software Technologies in a report on Friday, May 1st. Royal Bank Of Canada reduced their price objective on shares of Check Point Software Technologies from $157.00 to $135.00 and set a “sector perform” rating for the company in a research note on Friday, May 1st. Finally, UBS Group decreased their price objective on Check Point Software Technologies from $170.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $146.50.
View Our Latest Stock Analysis 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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