Jones Financial Companies Lllp Buys 6,448 Shares of Check Point Software Technologies Ltd. $CHKP

Jones Financial Companies Lllp lifted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 86,167 shares of the technology company’s stock after purchasing an additional 6,448 shares during the quarter. Jones Financial Companies Lllp owned 0.08% of Check Point Software Technologies worth $17,653,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Davis Capital Management bought a new stake in shares of Check Point Software Technologies during the third quarter valued at approximately $1,276,000. Ninety One UK Ltd lifted its holdings in Check Point Software Technologies by 0.3% during the 3rd quarter. Ninety One UK Ltd now owns 2,601,592 shares of the technology company’s stock worth $538,295,000 after buying an additional 8,814 shares in the last quarter. Triton Financial Group Inc bought a new position in Check Point Software Technologies in the 2nd quarter valued at $2,296,000. Meyer Handelman Co. raised its position in shares of Check Point Software Technologies by 11.9% during the third quarter. Meyer Handelman Co. now owns 52,291 shares of the technology company’s stock worth $10,820,000 after acquiring an additional 5,552 shares during the last quarter. Finally, Aberdeen Group plc raised its position in shares of Check Point Software Technologies by 4.9% during the second quarter. Aberdeen Group plc now owns 39,850 shares of the technology company’s stock worth $8,817,000 after acquiring an additional 1,848 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 3.4%

Shares of NASDAQ CHKP opened at $174.07 on Wednesday. Check Point Software Technologies Ltd. has a twelve month low of $173.15 and a twelve month high of $234.35. The company’s fifty day moving average is $186.79 and its 200-day moving average is $192.77. The stock has a market cap of $19.14 billion, a price-to-earnings ratio of 19.07, a P/E/G ratio of 2.90 and a beta of 0.58.

Wall Street Analysts Forecast Growth

CHKP has been the subject of a number of research reports. Barclays lowered their price objective on Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, January 5th. Scotiabank reiterated a “sector perform” rating and set a $195.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, January 21st. Citigroup dropped 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 research note on Tuesday, January 13th. Stephens raised shares of Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $225.00 to $240.00 in a research note on Wednesday, January 14th. Finally, Mizuho set a $225.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $226.62.

About Check Point Software Technologies

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).