M&G PLC Acquires 21,435 Shares of Check Point Software Technologies Ltd. $CHKP

M&G PLC raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 9.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,348 shares of the technology company’s stock after buying an additional 21,435 shares during the period. M&G PLC’s holdings in Check Point Software Technologies were worth $32,941,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Park Avenue Securities LLC grew its stake in Check Point Software Technologies by 4.0% during the third quarter. Park Avenue Securities LLC now owns 1,800 shares of the technology company’s stock worth $231,000 after buying an additional 69 shares during the period. Elevation Wealth Partners LLC raised its stake in shares of 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 valued at $33,000 after acquiring an additional 76 shares during the period. Yousif Capital Management LLC raised its stake in shares of Check Point Software Technologies by 2.0% in the 3rd quarter. Yousif Capital Management LLC now owns 3,839 shares of the technology company’s stock valued at $493,000 after acquiring an additional 77 shares during the period. Aprio Wealth Management LLC raised its stake in shares of Check Point Software Technologies by 3.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 2,116 shares of the technology company’s stock valued at $272,000 after acquiring an additional 79 shares during the period. Finally, JNBA Financial Advisors lifted its holdings in shares of Check Point Software Technologies by 90.0% during the 2nd quarter. JNBA Financial Advisors now owns 190 shares of the technology company’s stock valued at $25,000 after acquiring an additional 90 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Nataly Kremer sold 3,185 shares of the stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $150.08, for a total transaction of $478,004.80. Following the completion of the transaction, the insider directly owned 19,347 shares in the company, valued at approximately $2,903,597.76. This represents a 14.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is currently owned by insiders.

Check Point Software Technologies Trading Down 0.1%

NASDAQ:CHKP opened at $143.96 on Tuesday. The stock has a market cap of $14.70 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 4.22 and a beta of 0.43. Check Point Software Technologies Ltd. has a one year low of $112.23 and a one year high of $206.43. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.67 and a current ratio of 1.60. The business’s 50-day simple moving average is $138.91 and its 200 day simple moving average is $140.58.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Monday, November 2nd. The technology company reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.01. Check Point Software Technologies had a return on equity of 34.08% and a net margin of 31.74%. The firm had revenue of $669.80 million during the quarter, compared to analyst estimates of $672.06 million. During the same quarter last year, the firm earned $3.94 EPS. Check Point Software Technologies’s quarterly revenue was down 1.1% on a year-over-year basis. As a group, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Susquehanna upped their price target on shares of Check Point Software Technologies from $150.00 to $165.00 and gave the stock a “positive” rating in a research report on Tuesday, November 3rd. Stifel Nicolaus set a $148.00 price objective on Check Point Software Technologies in a research report on Monday, November 2nd. JPMorgan Chase & Co. reduced their price objective on Check Point Software Technologies from $167.00 to $155.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 3rd. Royal Bank Of Canada boosted their price objective on Check Point Software Technologies from $135.00 to $140.00 and gave the stock a “sector perform” rating in a research note on Tuesday, November 3rd. Finally, Bank of America upped their target price on Check Point Software Technologies from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Ten research analysts have rated the stock with a Buy rating and twenty have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $151.32.

Check Point Software Technologies Company Profile

Check Point Software Technologies is a cybersecurity company that develops products and services to protect organizations’ networks, cloud environments, devices, and users. Its offerings include network security appliances and software, cloud security tools, endpoint and workspace protection, and centralized security management.

The company’s product families include Quantum for network security, CloudGuard for cloud security, and Harmony for user and endpoint protection. Check Point also provides threat prevention, security research, and related support services to businesses and other organizations around the world.

Founded in 1993, Check Point is headquartered in Tel Aviv, Israel, and serves customers internationally.