Russell Investments Group Ltd. increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 15.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 135,919 shares of the technology company’s stock after purchasing an additional 18,675 shares during the period. Russell Investments Group Ltd.’s holdings in Check Point Software Technologies were worth $28,102,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. HUB Investment Partners LLC increased its position in Check Point Software Technologies by 1.5% during the 3rd quarter. HUB Investment Partners LLC now owns 3,558 shares of the technology company’s stock worth $736,000 after purchasing an additional 53 shares during the period. Modern Wealth Management LLC raised its stake in shares of Check Point Software Technologies by 3.6% during the 3rd quarter. Modern Wealth Management LLC now owns 1,513 shares of the technology company’s stock worth $313,000 after buying an additional 53 shares in the last quarter. Trust Point Inc. lifted its holdings in shares of Check Point Software Technologies by 2.3% in the 3rd quarter. Trust Point Inc. now owns 2,420 shares of the technology company’s stock valued at $501,000 after buying an additional 54 shares during the period. Philip James Wealth Mangement LLC boosted its stake in shares of Check Point Software Technologies by 1.1% in the third quarter. Philip James Wealth Mangement LLC now owns 4,780 shares of the technology company’s stock valued at $989,000 after buying an additional 54 shares in the last quarter. Finally, Metis Global Partners LLC boosted 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 valued at $370,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.
Check Point Software Technologies Trading Up 1.1%
Shares of CHKP opened at $155.78 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 1.19. Check Point Software Technologies Ltd. has a 1-year low of $150.17 and a 1-year high of $234.35. The stock has a market cap of $17.13 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 3.41 and a beta of 0.63. The firm has a 50 day simple moving average of $172.93 and a 200-day simple moving average of $186.68.
Analyst Upgrades and Downgrades
CHKP has been the subject of several research analyst reports. Wells Fargo & Company began coverage on Check Point Software Technologies in a research report on Tuesday, March 3rd. They issued an “equal weight” rating and a $165.00 price objective for the company. TD Cowen restated a “buy” rating on shares of Check Point Software Technologies in a research report on Thursday, February 19th. Morgan Stanley set a $197.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, January 28th. KeyCorp upgraded shares of Check Point Software Technologies to a “hold” rating in a report on Monday, January 12th. Finally, The Goldman Sachs Group reduced their price objective on shares of Check Point Software Technologies from $208.00 to $186.00 and set a “neutral” rating for the company in a research note on Tuesday, February 17th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $212.40.
Get Our Latest Stock Analysis on CHKP
Check Point Software Technologies 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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