HF Advisory Group LLC lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 48.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,322 shares of the technology company’s stock after selling 4,021 shares during the quarter. HF Advisory Group LLC’s holdings in Check Point Software Technologies were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd increased its position in Check Point Software Technologies by 6,253,188.9% during the 4th quarter. Altshuler Shaham Ltd now owns 562,796 shares of the technology company’s stock valued at $104,432,000 after purchasing an additional 562,787 shares during the period. Junto Capital Management LP purchased a new stake in shares of Check Point Software Technologies in the 2nd quarter worth about $72,445,000. Renaissance Technologies LLC bought a new stake in shares of Check Point Software Technologies during the 1st quarter valued at about $34,171,000. Victory Capital Management Inc. boosted its stake in shares of Check Point Software Technologies by 16.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,684,756 shares of the technology company’s stock valued at $312,623,000 after purchasing an additional 234,539 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Check Point Software Technologies during the second quarter valued at about $25,752,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.
Check Point Software Technologies Price Performance
Shares of NASDAQ CHKP opened at $137.18 on Friday. Check Point Software Technologies Ltd. has a fifty-two week low of $112.23 and a fifty-two week high of $210.66. The company has a 50 day simple moving average of $132.27 and a two-hundred day simple moving average of $132.44. The company has a market capitalization of $14.01 billion, a price-to-earnings ratio of 14.04, a P/E/G ratio of 3.85 and a beta of 0.48. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.67 and a current ratio of 1.67.
Analysts Set New Price Targets
Several analysts have commented on CHKP shares. Raymond James Financial lowered shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 15th. Stifel Nicolaus upped their target price on Check Point Software Technologies from $120.00 to $130.00 and gave the stock a “hold” rating in a report on Friday, July 31st. UBS Group increased their target price on Check Point Software Technologies from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Bank of America lifted their price target on Check Point Software Technologies from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, Compass Point set a $135.00 price target on Check Point Software Technologies in a research note on Monday, July 27th. Eight research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $148.74.
Check Out Our Latest Report on CHKP
Insider Transactions at Check Point Software Technologies
In other Check Point Software Technologies news, CRO Sherif Seddik sold 10,272 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $123.59, for a total value of $1,269,516.48. Following the sale, the executive directly owned 24,675 shares of the company’s stock, valued at approximately $3,049,583.25. The trade was a 29.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.00% of the company’s stock.
Check Point Software Technologies Profile
Check Point Software Technologies Ltd. is a cybersecurity company that develops solutions designed to protect networks, cloud environments, endpoints, mobile devices, and email systems from cyber threats. Its offerings help organizations prevent malware, ransomware, phishing, unauthorized access, and other security risks across increasingly distributed information technology environments.
The company’s product portfolio includes network security appliances and software, cloud security platforms, endpoint protection, mobile security, email and collaboration security, security management tools, and threat intelligence services.
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