Check Point Software Technologies Ltd. $CHKP Stock Acquired by First Command Advisory Services Inc.

First Command Advisory Services Inc. increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 252.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,917 shares of the technology company’s stock after buying an additional 4,953 shares during the period. First Command Advisory Services Inc.’s holdings in Check Point Software Technologies were worth $888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CHKP. Assetmark Inc. lifted its stake in Check Point Software Technologies by 5.1% in the first quarter. Assetmark Inc. now owns 223,868 shares of the technology company’s stock valued at $31,980,000 after acquiring an additional 10,903 shares during the last quarter. Junto Capital Management LP bought a new position in shares of Check Point Software Technologies in the 2nd quarter valued at about $72,445,000. Robertson Stephens Wealth Management LLC increased its stake in shares of Check Point Software Technologies by 180.4% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 22,769 shares of the technology company’s stock worth $2,922,000 after purchasing an additional 14,648 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Check Point Software Technologies by 16.2% during the 1st quarter. Lazard Asset Management LLC now owns 809,115 shares of the technology company’s stock worth $115,582,000 after purchasing an additional 112,713 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Check Point Software Technologies during the 1st quarter worth about $34,171,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CHKP shares. Scotiabank cut their target price on shares of Check Point Software Technologies from $185.00 to $175.00 and set a “sector outperform” rating for the company in a research note on Tuesday, November 3rd. Cantor Fitzgerald reissued a “neutral” rating and set a $150.00 price target on shares of Check Point Software Technologies in a research report on Tuesday, November 3rd. Weiss Ratings upgraded Check Point Software Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Citigroup upped their price objective on Check Point Software Technologies from $130.00 to $145.00 and gave the company a “neutral” rating in a research note on Tuesday, November 3rd. Finally, Wedbush cut Check Point Software Technologies from an “outperform” rating to a “neutral” rating and set a $135.00 price objective for the company. in a research report on Thursday, September 10th. Ten research analysts have rated the stock with a Buy rating and twenty have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $151.32.

Check Point Software Technologies Stock Up 1.4%

Shares of CHKP opened at $146.58 on Thursday. Check Point Software Technologies Ltd. has a 52 week low of $112.23 and a 52 week high of $205.81. The firm has a market cap of $14.97 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 4.18 and a beta of 0.43. The firm’s 50-day simple moving average is $139.27 and its 200 day simple moving average is $140.24. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.60 and a current ratio of 1.60.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.01. The firm had revenue of $669.80 million for the quarter, compared to analysts’ expectations of $672.06 million. Check Point Software Technologies had a net margin of 31.74% and a return on equity of 34.08%. The business’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.94 EPS. On average, analysts forecast that Check Point Software Technologies Ltd. will post 8.37 earnings per share for the current year.

Insider Activity at Check Point Software Technologies

In other news, insider Nataly Kremer sold 3,185 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $150.08, for a total value of $478,004.80. Following the transaction, the insider owned 19,347 shares of the company’s stock, valued at approximately $2,903,597.76. This represents a 14.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.00% of the company’s stock.

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.