Flossbach Von Storch SE acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,756 shares of the technology company’s stock, valued at approximately $757,000.
Several other institutional investors also recently bought and sold shares of CHKP. Abound Financial LLC purchased a new position in Check Point Software Technologies during the 4th quarter worth $27,000. Measured Wealth Private Client Group LLC purchased a new position in Check Point Software Technologies during the 3rd quarter worth approximately $27,000. MV Capital Management Inc. acquired a new position in Check Point Software Technologies during the fourth quarter valued at $28,000. Ascentis Independent Advisors acquired a new position in shares of Check Point Software Technologies in the 1st quarter valued at about $30,000. Finally, Elevation Wealth Partners LLC boosted its position in Check Point Software Technologies by 42.7% in the 2nd quarter. Elevation Wealth Partners LLC now owns 254 shares of the technology company’s stock worth $33,000 after purchasing an additional 76 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.
Check Point Software Technologies Trading Up 1.6%
NASDAQ:CHKP opened at $132.35 on Thursday. Check Point Software Technologies Ltd. has a 12-month low of $112.23 and a 12-month high of $210.66. The firm has a market cap of $13.51 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 4.84 and a beta of 0.49. 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 stock has a fifty day moving average price of $129.94 and a 200 day moving average price of $139.97.
Insider Transactions at Check Point Software Technologies
In related news, CRO Sherif Seddik sold 10,272 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $123.59, for a total value of $1,269,516.48. Following the completion of the sale, the executive directly owned 24,675 shares of the company’s stock, valued at $3,049,583.25. The trade was a 29.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yoav Chelouche sold 25,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $140.28, for a total value of $3,507,000.00. Following the completion of the sale, the director directly owned 4,008 shares of the company’s stock, valued at approximately $562,242.24. This trade represents a 86.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 29.00% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Scotiabank upgraded Check Point Software Technologies from a “sector perform” rating to an “outperform” rating and set a $185.00 target price on the stock in a research report on Monday, July 6th. Weiss Ratings upgraded shares of Check Point Software Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Mizuho set a $135.00 price objective on Check Point Software Technologies in a research note on Friday, May 1st. Susquehanna increased their price target on shares of Check Point Software Technologies from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Friday, July 31st. Finally, Stifel Nicolaus boosted their price objective on shares of Check Point Software Technologies from $120.00 to $130.00 and gave the company a “hold” rating in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $149.67.
Get Our Latest Research Report 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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