Eurizon SLJ Capital Ltd purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,445 shares of the technology company’s stock, valued at approximately $825,000.
Other large investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth $27,000. Ossiam boosted its holdings in shares of Check Point Software Technologies by 139.1% in the third quarter. Ossiam now owns 165 shares of the technology company’s stock worth $34,000 after acquiring an additional 96 shares during the period. Sunbelt Securities Inc. bought a new position in shares of Check Point Software Technologies in the third quarter worth $38,000. Hilltop National Bank bought a new position in shares of Check Point Software Technologies in the fourth quarter worth $36,000. Finally, LRI Investments LLC boosted its stake in Check Point Software Technologies by 100.9% during the fourth quarter. LRI Investments LLC now owns 215 shares of the technology company’s stock valued at $40,000 after buying an additional 108 shares during the period. 98.51% of the stock is owned by institutional investors.
Check Point Software Technologies Trading Up 2.8%
NASDAQ CHKP opened at $135.05 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.70. The stock’s 50-day simple moving average is $134.74 and its two-hundred day simple moving average is $163.84. Check Point Software Technologies Ltd. has a twelve month low of $112.23 and a twelve month high of $233.78. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 3.87 and a beta of 0.43.
Analyst Ratings Changes
Several research firms recently issued reports on CHKP. Weiss Ratings lowered Check Point Software Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Cantor Fitzgerald dropped their price objective on Check Point Software Technologies from $190.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Truist Financial set a $150.00 price objective on Check Point Software Technologies in a research note on Thursday, April 30th. Wedbush dropped their price objective on Check Point Software Technologies from $210.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. dropped their price objective on Check Point Software Technologies from $185.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. Eight analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $146.50.
View 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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