Mediolanum International Funds Ltd Takes $1.30 Million Position in Check Point Software Technologies Ltd. $CHKP

Mediolanum International Funds Ltd acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the third quarter, according to its most recent filing with the SEC. The fund acquired 6,294 shares of the technology company’s stock, valued at approximately $1,295,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new stake in shares of Check Point Software Technologies during the second quarter valued at about $25,000. Louisbourg Investments Inc. bought a new position in shares of Check Point Software Technologies in the third quarter valued at approximately $29,000. First Horizon Corp purchased a new position in Check Point Software Technologies during the third quarter valued at approximately $38,000. Heartwood Wealth Advisors LLC purchased a new position in Check Point Software Technologies during the third quarter valued at approximately $42,000. Finally, Richardson Financial Services Inc. increased its holdings in Check Point Software Technologies by 63.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 204 shares of the technology company’s stock worth $42,000 after acquiring an additional 79 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CHKP shares. BMO Capital Markets raised their price target on shares of Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Roth Mkm reiterated a “neutral” rating on shares of Check Point Software Technologies in a research report on Monday, October 27th. Royal Bank Of Canada dropped their price objective on Check Point Software Technologies from $215.00 to $195.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. UBS Group boosted their target price on Check Point Software Technologies from $210.00 to $215.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, Morgan Stanley set a $197.00 price target on Check Point Software Technologies in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $226.62.

Check Point Software Technologies Stock Down 3.4%

NASDAQ CHKP opened at $174.07 on Wednesday. The stock’s 50-day simple moving average is $186.79 and its two-hundred day simple moving average is $192.77. Check Point Software Technologies Ltd. has a twelve month low of $173.15 and a twelve month high of $234.35. The company has a market capitalization of $19.14 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 2.90 and a beta of 0.58.

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).