Check Point Software Technologies Ltd. $CHKP Stock Position Decreased by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 15.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,466 shares of the technology company’s stock after selling 3,440 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Check Point Software Technologies were worth $4,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC purchased a new position in Check Point Software Technologies during the 1st quarter valued at about $262,000. Blair William & Co. IL increased its holdings in shares of Check Point Software Technologies by 4.9% during the 2nd quarter. Blair William & Co. IL now owns 21,759 shares of the technology company’s stock valued at $4,814,000 after acquiring an additional 1,023 shares during the last quarter. Callan Family Office LLC bought a new stake in Check Point Software Technologies during the second quarter worth approximately $202,000. IFP Advisors Inc grew its holdings in Check Point Software Technologies by 8.7% during the second quarter. IFP Advisors Inc now owns 1,303 shares of the technology company’s stock valued at $288,000 after purchasing an additional 104 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Check Point Software Technologies by 267.6% in the second quarter. Blue Trust Inc. now owns 2,356 shares of the technology company’s stock valued at $521,000 after purchasing an additional 1,715 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CHKP shares. Stifel Nicolaus set a $211.00 price target on Check Point Software Technologies in a report on Tuesday, October 28th. Scotiabank reissued a “sector perform” rating and issued a $195.00 price target on shares of Check Point Software Technologies in a report on Wednesday, January 21st. Morgan Stanley set a $197.00 target price on Check Point Software Technologies in a research report on Wednesday, January 28th. Piper Sandler reduced their price target on shares of Check Point Software Technologies from $260.00 to $240.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. Finally, Roth Mkm reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a report on Monday, October 27th. One equities research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $226.62.

Check Point Software Technologies Stock 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 firm has a market capitalization of $19.90 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 2.92 and a beta of 0.58. The firm has a fifty day moving average of $186.26 and a 200-day moving average of $191.82.

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).