United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 39,948 shares of the technology company’s stock, valued at approximately $7,413,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in CHKP. Measured Wealth Private Client Group LLC acquired a new position in Check Point Software Technologies during the 3rd quarter worth about $27,000. Ossiam lifted its position in Check Point Software Technologies by 139.1% during the 3rd quarter. Ossiam now owns 165 shares of the technology company’s stock worth $34,000 after buying an additional 96 shares in the last quarter. Hilltop National Bank acquired a new position in Check Point Software Technologies during the 4th quarter worth about $36,000. Sunbelt Securities Inc. acquired a new position in Check Point Software Technologies during the 3rd quarter worth about $38,000. Finally, LRI Investments LLC lifted its position in Check Point Software Technologies by 100.9% during the 4th quarter. LRI Investments LLC now owns 215 shares of the technology company’s stock worth $40,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.
Check Point Software Technologies Stock Performance
Shares of CHKP stock opened at $135.05 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $14.26 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 3.87 and a beta of 0.43. The stock has a 50-day moving average of $134.74 and a 200-day moving average of $163.84. Check Point Software Technologies Ltd. has a one year low of $112.23 and a one year high of $233.78.
Analysts Set New Price Targets
Several research analysts recently issued reports on CHKP shares. Evercore set a $185.00 price target on shares of Check Point Software Technologies in a research report on Friday, February 13th. Compass Point set a $120.00 price target on shares of Check Point Software Technologies in a research report on Monday, May 4th. JPMorgan Chase & Co. cut their target price on shares of Check Point Software Technologies from $185.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. The Goldman Sachs Group set a $168.00 target price on shares of Check Point Software Technologies in a research report on Friday, May 1st. Finally, Cantor Fitzgerald cut their target price on shares of Check Point Software Technologies from $190.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus target price of $146.50.
Read Our Latest Report on CHKP
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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