Legal & General Group Plc grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 4.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,426,081 shares of the technology company’s stock after acquiring an additional 63,933 shares during the period. Legal & General Group Plc’s holdings in Check Point Software Technologies were worth $264,624,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of CHKP. Massachusetts Financial Services Co. MA boosted its stake in Check Point Software Technologies by 28.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,937,229 shares of the technology company’s stock worth $1,472,832,000 after purchasing an additional 1,766,774 shares in the last quarter. DNB Asset Management AS boosted its stake in Check Point Software Technologies by 105.0% in the fourth quarter. DNB Asset Management AS now owns 1,820,339 shares of the technology company’s stock worth $337,782,000 after purchasing an additional 932,485 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Check Point Software Technologies by 31.4% during the third quarter. First Trust Advisors LP now owns 2,497,275 shares of the technology company’s stock valued at $516,711,000 after acquiring an additional 597,413 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of Check Point Software Technologies during the third quarter valued at $112,854,000. Finally, Capital World Investors acquired a new position in shares of Check Point Software Technologies during the third quarter valued at $80,084,000. Institutional investors and hedge funds own 98.51% of the company’s stock.
Check Point Software Technologies Trading Down 1.9%
Shares of CHKP opened at $131.08 on Wednesday. Check Point Software Technologies Ltd. has a 12-month low of $112.23 and a 12-month high of $233.78. The stock’s fifty day simple moving average is $136.04 and its 200-day simple moving average is $165.00. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $13.84 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 3.94 and a beta of 0.43.
Analyst Ratings Changes
Several equities analysts have recently issued reports on CHKP shares. Citigroup cut their price target on Check Point Software Technologies from $190.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Weiss Ratings lowered Check Point Software Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Piper Sandler lowered Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research note on Thursday, April 30th. Roth Mkm set a $160.00 price target on Check Point Software Technologies in a research note on Friday, May 1st. Finally, Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research note on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $146.50.
Check Out Our Latest Analysis on CHKP
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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