Check Point Software Technologies Ltd. $CHKP Stock Holdings Increased by First Command Advisory Services Inc.

First Command Advisory Services Inc. increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 252.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,917 shares of the technology company’s stock after buying an additional 4,953 shares during the quarter. First Command Advisory Services Inc.’s holdings in Check Point Software Technologies were worth $888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in shares of Check Point Software Technologies by 5.1% during the 1st quarter. Assetmark Inc. now owns 223,868 shares of the technology company’s stock valued at $31,980,000 after purchasing an additional 10,903 shares in the last quarter. Junto Capital Management LP bought a new stake in Check Point Software Technologies during the 2nd quarter worth approximately $72,445,000. Robertson Stephens Wealth Management LLC increased its stake in Check Point Software Technologies by 180.4% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 22,769 shares of the technology company’s stock worth $2,922,000 after purchasing an additional 14,648 shares in the last quarter. Lazard Asset Management LLC raised its holdings in Check Point Software Technologies by 16.2% during the 1st quarter. Lazard Asset Management LLC now owns 809,115 shares of the technology company’s stock worth $115,582,000 after buying an additional 112,713 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in Check Point Software Technologies during the 1st quarter worth approximately $34,171,000. 98.51% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Check Point Software Technologies

In other news, insider Nataly Kremer sold 3,185 shares of the firm’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $150.08, for a total value of $478,004.80. Following the completion of the transaction, the insider owned 19,347 shares in the company, valued at $2,903,597.76. This trade represents a 14.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is owned by insiders.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $146.58 on Thursday. Check Point Software Technologies Ltd. has a 12 month low of $112.23 and a 12 month high of $205.81. The firm has a fifty day simple moving average of $139.27 and a 200 day simple moving average of $140.24. The stock has a market capitalization of $14.97 billion, a price-to-earnings ratio of 17.64, a PEG ratio of 4.18 and a beta of 0.43. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.75.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Monday, November 2nd. The technology company reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.01. Check Point Software Technologies had a net margin of 31.74% and a return on equity of 34.08%. The firm had revenue of $669.80 million for the quarter, compared to analyst estimates of $672.06 million. During the same period in the previous year, the business earned $3.94 EPS. The company’s revenue was down 1.1% compared to the same quarter last year. Research analysts forecast that Check Point Software Technologies Ltd. will post 8.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Scotiabank reduced their price target on shares of Check Point Software Technologies from $185.00 to $175.00 and set a “sector outperform” rating for the company in a report on Tuesday, November 3rd. BTIG Research restated a “neutral” rating on shares of Check Point Software Technologies in a report on Tuesday, November 3rd. Mizuho upped their target price on shares of Check Point Software Technologies from $135.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, October 15th. Roth Capital set a $105.00 target price on Check Point Software Technologies in a report on Friday, July 31st. Finally, Barclays lifted their price target on Check Point Software Technologies from $140.00 to $155.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 3rd. Ten analysts have rated the stock with a Buy rating and twenty have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $151.32.

Check Point Software Technologies Profile

Check Point Software Technologies is a cybersecurity company that develops products and services to protect organizations’ networks, cloud environments, devices, and users. Its offerings include network security appliances and software, cloud security tools, endpoint and workspace protection, and centralized security management. The company’s product families include Quantum for network security, CloudGuard for cloud security, and Harmony for user and endpoint protection. Check Point also provides threat prevention, security research, and related support services to businesses and other organizations around the world.