Aberdeen Group plc raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 43.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,219 shares of the technology company’s stock after buying an additional 17,369 shares during the quarter. Aberdeen Group plc owned about 0.05% of Check Point Software Technologies worth $11,839,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new stake in shares of Check Point Software Technologies in the 2nd quarter worth $25,000. Louisbourg Investments Inc. acquired a new position in Check Point Software Technologies during the third quarter worth $29,000. First Horizon Corp purchased a new position in Check Point Software Technologies during the 3rd quarter valued at about $38,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Check Point Software Technologies in the third quarter valued at approximately $42,000. Finally, Richardson Financial Services Inc. boosted its position in Check Point Software Technologies by 63.2% in the 3rd quarter. Richardson Financial Services Inc. now owns 204 shares of the technology company’s stock valued at $42,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.
Check Point Software Technologies Trading Down 3.0%
NASDAQ CHKP opened at $159.05 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $158.84 and a 52 week high of $234.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.19 and a current ratio of 2.05. The stock’s 50 day moving average price is $182.25 and its two-hundred day moving average price is $189.81. The stock has a market capitalization of $17.49 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 3.64 and a beta of 0.58.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. Scotiabank lowered their price objective on Check Point Software Technologies from $195.00 to $180.00 and set a “sector perform” rating for the company in a research report on Friday, February 13th. Stephens cut their price target on Check Point Software Technologies from $240.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, February 13th. Roth Mkm restated a “neutral” rating on shares of Check Point Software Technologies in a research note on Monday, October 27th. KeyCorp upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, January 12th. Finally, Stifel Nicolaus set a $211.00 price target on Check Point Software Technologies in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $214.80.
View Our Latest Stock Report on Check Point Software Technologies
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).
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