Bank Hapoalim BM trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 16.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,939 shares of the technology company’s stock after selling 5,458 shares during the quarter. Bank Hapoalim BM’s holdings in Check Point Software Technologies were worth $5,781,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Fulton Bank N.A. raised its position in shares of Check Point Software Technologies by 3.2% in the 2nd quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company’s stock valued at $330,000 after buying an additional 46 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in shares of Check Point Software Technologies by 2.6% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 1,970 shares of the technology company’s stock valued at $436,000 after purchasing an additional 50 shares in the last quarter. Trust Point Inc. increased its stake in shares of Check Point Software Technologies by 2.3% in the 3rd quarter. Trust Point Inc. now owns 2,420 shares of the technology company’s stock valued at $501,000 after purchasing an additional 54 shares during the last quarter. Philip James Wealth Mangement LLC raised its holdings in shares of Check Point Software Technologies by 1.1% during the 3rd quarter. Philip James Wealth Mangement LLC now owns 4,780 shares of the technology company’s stock worth $989,000 after buying an additional 54 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in shares of Check Point Software Technologies by 5.2% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company’s stock worth $244,000 after buying an additional 55 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.
Check Point Software Technologies Stock Performance
NASDAQ CHKP opened at $185.54 on Friday. The company has a market capitalization of $20.41 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 3.27 and a beta of 0.59. Check Point Software Technologies Ltd. has a 52-week low of $178.68 and a 52-week high of $234.35. The company has a 50-day simple moving average of $189.92 and a 200 day simple moving average of $196.43.
Analyst Upgrades and Downgrades
CHKP has been the topic of a number of recent analyst reports. KeyCorp upgraded Check Point Software Technologies to a “hold” rating in a research report on Monday, January 12th. Barclays decreased their price target on shares of Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, January 5th. Stifel Nicolaus set a $211.00 price objective on shares of Check Point Software Technologies in a research note on Tuesday, October 28th. Roth Capital restated a “neutral” rating on shares of Check Point Software Technologies in a research report on Monday, October 27th. Finally, Citigroup lowered their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set a “neutral” rating for the company in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $230.41.
Read Our Latest Analysis on Check Point Software Technologies
Check Point Software Technologies 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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