Legal & General Group Plc grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,362,148 shares of the technology company’s stock after buying an additional 75,056 shares during the quarter. Legal & General Group Plc’s holdings in Check Point Software Technologies were worth $281,842,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in Check Point Software Technologies during the 1st quarter worth about $262,000. Metis Global Partners LLC raised its stake in shares of Check Point Software Technologies by 3.4% in the second quarter. Metis Global Partners LLC now owns 1,671 shares of the technology company’s stock worth $370,000 after acquiring an additional 55 shares during the last quarter. Aviva PLC lifted its position in shares of Check Point Software Technologies by 70.1% during the second quarter. Aviva PLC now owns 5,602 shares of the technology company’s stock worth $1,239,000 after purchasing an additional 2,309 shares in the last quarter. PFG Advisors acquired a new position in shares of Check Point Software Technologies during the second quarter worth approximately $279,000. Finally, Allworth Financial LP grew its stake in shares of Check Point Software Technologies by 6.2% during the second quarter. Allworth Financial LP now owns 1,083 shares of the technology company’s stock valued at $240,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.
Check Point Software Technologies Stock Down 2.1%
Shares of NASDAQ:CHKP opened at $154.04 on Thursday. The company has a 50 day moving average price of $173.52 and a two-hundred day moving average price of $186.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.19 and a current ratio of 2.05. The company has a market capitalization of $16.94 billion, a PE ratio of 15.98, a PEG ratio of 3.48 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52 week low of $150.17 and a 52 week high of $234.35.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. Evercore set a $185.00 price objective on shares of Check Point Software Technologies in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $180.00 price objective on shares of Check Point Software Technologies in a research report on Friday, February 13th. TD Cowen reissued a “buy” rating on shares of Check Point Software Technologies in a research note on Thursday, February 19th. Argus upgraded Check Point Software Technologies to a “hold” rating in a research report on Thursday, February 26th. Finally, Royal Bank Of Canada cut their price target 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 equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $212.40.
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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