Quantinno Capital Management LP increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 13.2% during the first quarter, Holdings Channel.com reports. The firm owned 47,465 shares of the technology company’s stock after purchasing an additional 5,528 shares during the quarter. Quantinno Capital Management LP’s holdings in Check Point Software Technologies were worth $6,780,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. Abound Financial LLC purchased a new position in Check Point Software Technologies during the fourth quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Check Point Software Technologies during the 3rd quarter valued at $27,000. MV Capital Management Inc. purchased a new stake in Check Point Software Technologies in the 4th quarter worth $28,000. Ascentis Independent Advisors bought a new stake in Check Point Software Technologies during the first quarter valued at about $30,000. Finally, Ossiam lifted its position in shares of Check Point Software Technologies by 139.1% in the third quarter. Ossiam now owns 165 shares of the technology company’s stock valued at $34,000 after acquiring an additional 96 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors.
Check Point Software Technologies Stock Performance
NASDAQ:CHKP opened at $125.35 on Thursday. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 4.61 and a beta of 0.49. Check Point Software Technologies Ltd. has a 1 year low of $112.23 and a 1 year high of $210.66. The stock’s 50 day simple moving average is $130.69 and its two-hundred day simple moving average is $143.57. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.67 and a quick ratio of 1.67.
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Roth Capital set a $105.00 target price on Check Point Software Technologies in a research note on Friday, July 31st. Truist Financial set a $150.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, April 30th. Mizuho set a $135.00 target price on shares of Check Point Software Technologies in a report on Friday, May 1st. Compass Point set a $135.00 target price on shares of Check Point Software Technologies in a research report on Monday, July 27th. Finally, Raymond James Financial cut shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 15th. Nine analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $149.67.
Read Our Latest Analysis on Check Point Software Technologies
Insider Buying and Selling
In other Check Point Software Technologies news, Director Yoav Chelouche sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $140.28, for a total transaction of $3,507,000.00. Following the sale, the director directly owned 4,008 shares of the company’s stock, valued at $562,242.24. The trade was a 86.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 29.00% of the company’s stock.
Check Point Software Technologies 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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