Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD Purchases New Position in Check Point Software Technologies Ltd. $CHKP

Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 86,599 shares of the technology company’s stock, valued at approximately $17,870,000. Check Point Software Technologies accounts for approximately 1.2% of Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD’s investment portfolio, making the stock its 27th biggest position. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD owned 0.08% of Check Point Software Technologies as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in Check Point Software Technologies in the 2nd quarter worth $25,000. Louisbourg Investments Inc. bought a new stake in shares of Check Point Software Technologies in the third quarter valued at about $29,000. First Horizon Corp bought a new stake in shares of Check Point Software Technologies in the third quarter valued at about $38,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Check Point Software Technologies during the third quarter worth about $42,000. Finally, Richardson Financial Services Inc. grew its holdings in shares of Check Point Software Technologies by 63.2% during the third quarter. Richardson Financial Services Inc. now owns 204 shares of the technology company’s stock worth $42,000 after buying an additional 79 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays decreased their target price on shares of 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. UBS Group increased their price objective on shares of Check Point Software Technologies from $210.00 to $215.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Citigroup lowered their target price on Check Point Software Technologies from $210.00 to $200.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 13th. Stifel Nicolaus set a $211.00 price target on Check Point Software Technologies in a research report on Tuesday, October 28th. Finally, Truist Financial set a $225.00 price target on Check Point Software Technologies in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $226.62.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $174.07 on Wednesday. The company has a 50 day simple moving average of $186.79 and a 200 day simple moving average of $192.77. Check Point Software Technologies Ltd. has a 1 year low of $173.15 and a 1 year high of $234.35. The firm has a market cap of $19.14 billion, a PE ratio of 19.07, a price-to-earnings-growth 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).