Leuthold Group LLC Purchases 40,447 Shares of Check Point Software Technologies Ltd. $CHKP

Leuthold Group LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 40,447 shares of the technology company’s stock, valued at approximately $5,191,000.

Several other institutional investors have also added to or reduced their stakes in the business. Park Avenue Securities LLC grew its stake in shares of Check Point Software Technologies by 4.0% during the third quarter. Park Avenue Securities LLC now owns 1,800 shares of the technology company’s stock valued at $231,000 after buying an additional 69 shares during the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of Check Point Software Technologies by 42.7% in the second quarter. Elevation Wealth Partners LLC now owns 254 shares of the technology company’s stock worth $33,000 after buying an additional 76 shares during the period. Yousif Capital Management LLC lifted its stake in shares of Check Point Software Technologies by 2.0% in the 3rd quarter. Yousif Capital Management LLC now owns 3,839 shares of the technology company’s stock valued at $493,000 after acquiring an additional 77 shares during the last quarter. Aprio Wealth Management LLC lifted its stake in shares of Check Point Software Technologies by 3.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 2,116 shares of the technology company’s stock valued at $272,000 after acquiring an additional 79 shares during the last quarter. Finally, JNBA Financial Advisors lifted its stake in shares of Check Point Software Technologies by 90.0% in the 2nd quarter. JNBA Financial Advisors now owns 190 shares of the technology company’s stock valued at $25,000 after acquiring an additional 90 shares during the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Down 0.1%

CHKP opened at $143.96 on Tuesday. Check Point Software Technologies Ltd. has a one year low of $112.23 and a one year high of $206.43. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.60 and a quick ratio of 1.67. The business has a 50 day simple moving average of $138.91 and a two-hundred day simple moving average of $140.58. The firm has a market capitalization of $14.70 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 4.22 and a beta of 0.43.

Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last issued its quarterly earnings data on Monday, November 2nd. The technology company reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.01. Check Point Software Technologies had a return on equity of 34.08% and a net margin of 31.74%. The firm had revenue of $669.80 million for the quarter, compared to analyst estimates of $672.06 million. During the same period last year, the company earned $3.94 EPS. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. Analysts predict that Check Point Software Technologies Ltd. will post 8.37 EPS for the current year.

Insider Buying and Selling

In related news, insider Nataly Kremer sold 3,185 shares of the firm’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $150.08, for a total value of $478,004.80. Following the completion of the sale, the insider owned 19,347 shares of the company’s stock, valued at $2,903,597.76. This trade represents a 14.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Cantor Fitzgerald restated a “neutral” rating and set a $150.00 target price on shares of Check Point Software Technologies in a report on Tuesday, November 3rd. TD Cowen reaffirmed a “buy” rating on shares of Check Point Software Technologies in a research note on Thursday, July 30th. Bank of America boosted their price objective 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. Mizuho increased their price objective on Check Point Software Technologies from $135.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, October 15th. Finally, Stifel Nicolaus set a $148.00 price objective on Check Point Software Technologies in a research note on Monday, November 2nd. Ten equities research analysts have rated the stock with a Buy rating and twenty have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $151.32.

Get Our Latest Research Report on Check Point Software Technologies

About Check Point Software Technologies

(Free Report)

Check Point Software Technologies is a cybersecurity company that develops products and services to protect organizations’ networks, cloud environments, devices, and users. Its offerings include network security appliances and software, cloud security tools, endpoint and workspace protection, and centralized security management.

The company’s product families include Quantum for network security, CloudGuard for cloud security, and Harmony for user and endpoint protection. Check Point also provides threat prevention, security research, and related support services to businesses and other organizations around the world.

Founded in 1993, Check Point is headquartered in Tel Aviv, Israel, and serves customers internationally.

Further Reading

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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