MGO One Seven LLC increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 273.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of CHKP. AQR Capital Management LLC bought a new stake in Check Point Software Technologies during the 1st quarter worth approximately $262,000. EverSource Wealth Advisors LLC grew its position in Check Point Software Technologies by 24.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 598 shares of the technology company’s stock worth $132,000 after acquiring an additional 117 shares during the last quarter. Squarepoint Ops LLC grew its position in Check Point Software Technologies by 20.9% during the 2nd quarter. Squarepoint Ops LLC now owns 26,464 shares of the technology company’s stock worth $5,855,000 after acquiring an additional 4,577 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Check Point Software Technologies by 6.5% in the 2nd 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 during the last quarter. Finally, Diversify Advisory Services LLC boosted its position in Check Point Software Technologies by 17.3% in the 2nd 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 during the last quarter. 98.51% of the stock is currently owned by institutional investors.
Check Point Software Technologies Stock Performance
CHKP opened at $115.42 on Tuesday. The business’s 50-day moving average price is $143.01 and its two-hundred day moving average price is $170.37. Check Point Software Technologies Ltd. has a 1 year low of $112.23 and a 1 year high of $233.78. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 3.38 and a beta of 0.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.85 and a quick ratio of 1.85.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on CHKP shares. UBS Group decreased their price objective on Check Point Software Technologies from $170.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $160.00 price objective on shares of Check Point Software Technologies in a research report on Friday, May 1st. KeyCorp upgraded Check Point Software Technologies to a “hold” rating in a research report on Monday, January 12th. Barclays decreased their price objective on Check Point Software Technologies from $165.00 to $133.00 and set an “equal weight” rating on the stock in a research report on Friday, May 1st. Finally, Truist Financial set a $150.00 price objective on Check Point Software Technologies in a research report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $146.50.
Read Our Latest Research Report on CHKP
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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