ABN AMRO Bank N.V. Takes $1.81 Million Position in Check Point Software Technologies Ltd. $CHKP

ABN AMRO Bank N.V. bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,830 shares of the technology company’s stock, valued at approximately $1,811,000.

A number of other institutional investors also recently bought and sold shares of CHKP. Norges Bank acquired a new stake in shares of Check Point Software Technologies in the second quarter worth $714,801,000. Massachusetts Financial Services Co. MA boosted its holdings in Check Point Software Technologies by 27.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,170,455 shares of the technology company’s stock valued at $1,276,729,000 after purchasing an additional 1,317,167 shares during the last quarter. Schroder Investment Management Group grew its position in Check Point Software Technologies by 2,413.2% during the 2nd quarter. Schroder Investment Management Group now owns 628,858 shares of the technology company’s stock worth $139,135,000 after purchasing an additional 603,836 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Check Point Software Technologies by 1,886.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 253,003 shares of the technology company’s stock valued at $55,977,000 after buying an additional 240,264 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Check Point Software Technologies by 9.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,001,247 shares of the technology company’s stock valued at $442,733,000 after buying an additional 170,373 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CHKP shares. Truist Financial set a $225.00 price target on Check Point Software Technologies in a research report on Tuesday, January 20th. Scotiabank reaffirmed a “sector perform” rating and set a $195.00 target price on shares of Check Point Software Technologies in a report on Wednesday, January 21st. Royal Bank Of Canada decreased their target price on shares of Check Point Software Technologies from $215.00 to $195.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. Mizuho set a $225.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Finally, Stifel Nicolaus set a $211.00 price objective on shares of Check Point Software Technologies in a research report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $226.62.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $176.25 on Friday. The firm has a fifty day moving average of $186.48 and a 200 day moving average of $192.54. The firm has a market cap of $19.38 billion, a PE ratio of 19.30, a PEG ratio of 2.85 and a beta of 0.58. Check Point Software Technologies Ltd. has a one year low of $170.49 and a one year high of $234.35.

About Check Point Software Technologies

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).