Quantinno Capital Management LP lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 13.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,465 shares of the technology company’s stock after purchasing an additional 5,528 shares during the quarter. Quantinno Capital Management LP’s holdings in Check Point Software Technologies were worth $6,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the company. Lazard Asset Management LLC raised its holdings in Check Point Software Technologies by 16.2% in the first 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 last quarter. Gateway Wealth Partners LLC bought a new position in shares of Check Point Software Technologies in the first quarter worth approximately $650,000. OMERS ADMINISTRATION Corp grew its holdings in shares of Check Point Software Technologies by 54.4% during the first quarter. OMERS ADMINISTRATION Corp now owns 7,376 shares of the technology company’s stock valued at $1,054,000 after buying an additional 2,600 shares during the last quarter. Van Diest Capital LLC grew its holdings in shares of Check Point Software Technologies by 18.2% during the first quarter. Van Diest Capital LLC now owns 2,602 shares of the technology company’s stock valued at $372,000 after buying an additional 401 shares during the last quarter. Finally, Lombard Odier Asset Management Switzerland SA bought a new stake in shares of Check Point Software Technologies during the first quarter valued at approximately $243,000. Institutional investors own 98.51% of the company’s stock.
Check Point Software Technologies Trading Up 1.2%
Shares of CHKP stock opened at $125.35 on Thursday. Check Point Software Technologies Ltd. has a 12-month low of $112.23 and a 12-month high of $210.66. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.72. The firm’s 50 day moving average is $130.69 and its 200 day moving average is $143.57. The stock has a market capitalization of $12.80 billion, a P/E ratio of 12.83, a P/E/G ratio of 4.61 and a beta of 0.49.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on CHKP shares. Truist Financial set a $150.00 price objective on Check Point Software Technologies in a research report on Thursday, April 30th. UBS Group lifted their target price on Check Point Software Technologies from $130.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, July 31st. Cantor Fitzgerald restated a “neutral” rating and issued a $150.00 price target on shares of Check Point Software Technologies in a research note on Thursday, July 23rd. TD Cowen reaffirmed a “buy” rating on shares of Check Point Software Technologies in a report on Thursday, July 30th. Finally, Susquehanna increased their price objective on Check Point Software Technologies from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and an average target price of $149.67.
View Our Latest Report on Check Point Software Technologies
Insiders Place Their Bets
In other Check Point Software Technologies news, Director Yoav Chelouche sold 25,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $140.28, for a total value of $3,507,000.00. Following the transaction, the director owned 4,008 shares of the company’s stock, valued at approximately $562,242.24. This represents a 86.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 29.00% of the company’s stock.
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).
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