Handelsbanken Fonder AB cut its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,469 shares of the technology company’s stock after selling 604 shares during the quarter. Handelsbanken Fonder AB’s holdings in Check Point Software Technologies were worth $4,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Check Point Software Technologies in the second quarter worth $30,000. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies during the 1st quarter valued at about $31,000. Richardson Financial Services Inc. purchased a new position in shares of Check Point Software Technologies during the fourth quarter worth about $33,000. Transcendent Capital Group LLC bought a new position in shares of Check Point Software Technologies in the first quarter worth approximately $107,000. Finally, Alaska Permanent Fund Corp purchased a new stake in Check Point Software Technologies in the first quarter valued at approximately $117,000. 87.62% of the stock is owned by institutional investors.
Check Point Software Technologies Price Performance
CHKP opened at $197.54 on Wednesday. The firm has a market capitalization of $22.30 billion, a price-to-earnings ratio of 27.44, a PEG ratio of 3.05 and a beta of 0.62. Check Point Software Technologies Ltd. has a one year low of $126.57 and a one year high of $197.81. The business has a 50 day simple moving average of $188.35 and a two-hundred day simple moving average of $170.11.
Analyst Ratings Changes
A number of equities analysts have commented on CHKP shares. Robert W. Baird boosted their price target on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Royal Bank of Canada increased their target price on Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. Wedbush lifted their price target on Check Point Software Technologies from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. increased their price objective on Check Point Software Technologies from $175.00 to $180.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, Barclays boosted their target price on Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Sixteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $184.47.
Get Our Latest Research Report on Check Point Software Technologies
About Check Point Software Technologies
Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.
Recommended Stories
- Five stocks we like better than Check Point Software Technologies
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- NVIDIA’s AI Dominance: Why Analysts Predict Major Upside Ahead
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- These Stocks Are Using Buybacks to Unlock Big Gains for Investors
- What is MarketRank™? How to Use it
- This Is the Entry Into PepsiCo You’ve Been Waiting For
Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.