Blair William & Co. IL lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 18.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 17,777 shares of the technology company’s stock after selling 3,982 shares during the period. Blair William & Co. IL’s holdings in Check Point Software Technologies were worth $3,678,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in CHKP. Massachusetts Financial Services Co. MA grew its holdings in shares of Check Point Software Technologies by 27.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,455 shares of the technology company’s stock worth $1,276,729,000 after purchasing an additional 1,317,167 shares in the last quarter. Norges Bank bought a new position in Check Point Software Technologies in the second quarter worth $714,801,000. Ninety One UK Ltd boosted its stake in Check Point Software Technologies by 0.3% during the third 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 in the last quarter. First Trust Advisors LP boosted its stake in Check Point Software Technologies by 31.4% during the third quarter. First Trust Advisors LP now owns 2,497,275 shares of the technology company’s stock worth $516,711,000 after buying an additional 597,413 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Check Point Software Technologies by 9.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,001,247 shares of the technology company’s stock valued at $442,733,000 after buying an additional 170,373 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.
Check Point Software Technologies Price Performance
Shares of Check Point Software Technologies stock opened at $154.04 on Thursday. The stock has a market capitalization of $16.94 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 3.48 and a beta of 0.63. The firm’s 50-day moving average price is $173.52 and its two-hundred day moving average price is $186.90. The company has a current ratio of 2.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.68. Check Point Software Technologies Ltd. has a 1-year low of $150.17 and a 1-year high of $234.35.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Evercore set a $185.00 price objective on shares of Check Point Software Technologies in a report on Friday, February 13th. Barclays lowered their target price on shares of Check Point Software Technologies from $220.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Friday, February 13th. Scotiabank dropped their price target on shares of 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. Wedbush decreased their price objective on Check Point Software Technologies from $240.00 to $210.00 and set an “outperform” rating on the stock in a report on Friday, February 13th. Finally, Royal Bank Of Canada lowered their price objective on Check Point Software Technologies from $215.00 to $195.00 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. Nine analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus target price of $212.40.
Read Our Latest Analysis on Check Point Software Technologies
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).
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