Skandinaviska Enskilda Banken AB publ lowered its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 67.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 11,198 shares of the technology company’s stock after selling 23,457 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Check Point Software Technologies were worth $2,324,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Check Point Software Technologies during the 2nd quarter worth approximately $714,801,000. Massachusetts Financial Services Co. MA lifted its holdings in 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 valued at $1,276,729,000 after purchasing an additional 1,317,167 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Check Point Software Technologies by 2,413.2% during the 2nd quarter. Schroder Investment Management Group now owns 628,858 shares of the technology company’s stock valued at $139,135,000 after purchasing an additional 603,836 shares during the last quarter. Sound Shore Management Inc CT bought a new position in Check Point Software Technologies during the third quarter worth $73,104,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Check Point Software Technologies by 1,886.1% in the second quarter. Qube Research & Technologies Ltd now owns 253,003 shares of the technology company’s stock valued at $55,977,000 after purchasing an additional 240,264 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.
Check Point Software Technologies Stock Down 0.0%
NASDAQ CHKP opened at $159.04 on Friday. The company has a current ratio of 2.05, a quick ratio of 1.19 and a debt-to-equity ratio of 0.68. The company has a market cap of $17.49 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 3.53 and a beta of 0.58. The company has a 50 day moving average of $181.59 and a 200-day moving average of $189.58. Check Point Software Technologies Ltd. has a 1-year low of $157.29 and a 1-year high of $234.35.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Barclays reduced their target price on shares of Check Point Software Technologies from $220.00 to $195.00 and set an “equal weight” rating for the company in a report on Friday, February 13th. Royal Bank Of Canada reduced their price objective on Check Point Software Technologies from $215.00 to $195.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. Weiss Ratings raised Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, October 30th. Stifel Nicolaus set a $211.00 price target on Check Point Software Technologies in a report on Tuesday, October 28th. Finally, KeyCorp upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $214.80.
View Our Latest Research Report on CHKP
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).
Further Reading
- Five stocks we like better than Check Point Software Technologies
- ~$1.5T SpaceX IPO: Pre-IPO Opportunity
- America’s 1776 happening again
- How a Family Trust May Be Able To Help Preserve Your Wealth
- This makes me furious
- Elon Musk: This Could Turn $100 into $100,000
Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report).
Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
