MGO One Seven LLC raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 273.2% in the fourth quarter, HoldingsChannel reports. The fund owned 8,061 shares of the technology company’s stock after acquiring an additional 5,901 shares during the period. MGO One Seven LLC’s holdings in Check Point Software Technologies were worth $1,496,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently made changes to their positions in CHKP. AQR Capital Management LLC acquired a new stake in shares of Check Point Software Technologies in the first quarter valued at approximately $262,000. EverSource Wealth Advisors LLC raised its position in shares of Check Point Software Technologies by 24.3% in the second quarter. EverSource Wealth Advisors LLC now owns 598 shares of the technology company’s stock valued at $132,000 after buying an additional 117 shares in the last quarter. Squarepoint Ops LLC raised its position in shares of Check Point Software Technologies by 20.9% in the second quarter. Squarepoint Ops LLC now owns 26,464 shares of the technology company’s stock valued at $5,855,000 after buying an additional 4,577 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Check Point Software Technologies by 6.5% in the second quarter. The Manufacturers Life Insurance Company now owns 36,240 shares of the technology company’s stock valued at $8,018,000 after buying an additional 2,198 shares in the last quarter. Finally, Diversify Advisory Services LLC raised its position in shares of Check Point Software Technologies by 17.3% in the second quarter. Diversify Advisory Services LLC now owns 2,153 shares of the technology company’s stock valued at $476,000 after buying an additional 317 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.
Check Point Software Technologies Stock Performance
Shares of CHKP opened at $115.42 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $12.19 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 3.38 and a beta of 0.43. The firm’s fifty day simple moving average is $143.01 and its two-hundred day simple moving average is $170.37. Check Point Software Technologies Ltd. has a 12 month low of $112.23 and a 12 month high of $233.78.
Analyst Upgrades and Downgrades
CHKP has been the subject of several research analyst reports. Piper Sandler downgraded shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research report on Thursday, April 30th. Citigroup lowered their price objective on shares of Check Point Software Technologies from $190.00 to $125.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. KeyCorp upgraded shares of Check Point Software Technologies to a “hold” rating in a research report on Monday, January 12th. Compass Point set a $120.00 price objective on shares of Check Point Software Technologies in a research report on Monday, May 4th. Finally, Argus raised shares of Check Point Software Technologies to a “hold” rating in a research note on Thursday, February 26th. Eight investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $146.50.
Read Our Latest Stock 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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