Check Point Software Technologies Ltd. $CHKP Holdings Boosted by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 260.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,102 shares of the technology company’s stock after purchasing an additional 5,857 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Check Point Software Technologies were worth $1,676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CHKP. Penserra Capital Management LLC boosted its position in Check Point Software Technologies by 14.1% during the third quarter. Penserra Capital Management LLC now owns 468,954 shares of the technology company’s stock worth $97,030,000 after purchasing an additional 57,817 shares during the period. Davis Capital Management acquired a new stake in shares of Check Point Software Technologies in the third quarter worth $1,276,000. Ninety One UK Ltd boosted its holdings in shares of 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 during the period. Triton Financial Group Inc acquired a new position in Check Point Software Technologies in the 2nd quarter valued at $2,296,000. Finally, Meyer Handelman Co. grew its stake in Check Point Software Technologies by 11.9% in the 3rd quarter. Meyer Handelman Co. now owns 52,291 shares of the technology company’s stock valued at $10,820,000 after buying an additional 5,552 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. KeyCorp raised shares of Check Point Software Technologies to a “hold” rating in a research report on Monday, January 12th. Cantor Fitzgerald reissued a “neutral” rating and set a $220.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 22nd. Royal Bank Of Canada decreased their target price 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. Morgan Stanley set a $197.00 price target on Check Point Software Technologies in a research report on Wednesday, January 28th. Finally, UBS Group upped their price target on Check Point Software Technologies from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. 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 company. According to MarketBeat, Check Point Software Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $226.62.

Check Point Software Technologies Trading Up 2.6%

Shares of CHKP stock opened at $180.91 on Monday. Check Point Software Technologies Ltd. has a 12 month low of $170.49 and a 12 month high of $234.35. The company has a market capitalization of $19.90 billion, a P/E ratio of 19.81, a P/E/G ratio of 2.92 and a beta of 0.58. The stock has a 50 day moving average of $186.26 and a two-hundred day moving average of $191.82.

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).