Bessemer Group Inc. Sells 19,003 Shares of Check Point Software Technologies Ltd. $CHKP

Bessemer Group Inc. lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 58.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,520 shares of the technology company’s stock after selling 19,003 shares during the period. Bessemer Group Inc.’s holdings in Check Point Software Technologies were worth $2,798,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CHKP. AQR Capital Management LLC acquired a new position in shares of Check Point Software Technologies during the 1st quarter worth about $262,000. Blair William & Co. IL grew its holdings in Check Point Software Technologies by 4.9% during the second quarter. Blair William & Co. IL now owns 21,759 shares of the technology company’s stock worth $4,814,000 after purchasing an additional 1,023 shares during the period. Callan Family Office LLC bought a new position in Check Point Software Technologies during the second quarter worth about $202,000. IFP Advisors Inc increased its position 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 worth $288,000 after buying an additional 104 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in 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 buying an additional 1,715 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analysts Set New Price Targets

CHKP has been the topic of a number of recent analyst reports. Mizuho set a $225.00 target price on Check Point Software Technologies in a report on Wednesday, October 29th. Truist Financial set a $225.00 price objective on shares of Check Point Software Technologies in a research report on Tuesday, January 20th. Stephens raised shares of Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $225.00 to $240.00 in a research report on Wednesday, January 14th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $220.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 22nd. Finally, Citigroup decreased their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $226.62.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $180.91 on Monday. The firm has a 50-day moving average of $186.26 and a 200-day moving average of $191.82. Check Point Software Technologies Ltd. has a 52-week low of $170.49 and a 52-week high of $234.35. The stock has a market cap of $19.90 billion, a PE ratio of 19.81, a PEG ratio of 2.92 and a beta of 0.58.

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).