First Trust Advisors Reduces $30M in Check Point Software Technologies Ltd. ($CHKP)
Key Points
- First Trust Advisors changed its Check Point Software Technologies Ltd. ($CHKP) stake by 9.3% last quarter, cutting to 2,407,814 shares worth $296.45 million.
- Wall Street's consensus rating on $CHKP is Buy and an average price target of $144.32.
- $CHKP last traded around $123.12.
First Trust Advisors trimmed its position in Check Point Software Technologies Ltd. ($CHKP) by 9.3% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,407,814 shares of Check Point Software Technologies Ltd. after selling 246,788 shares during the quarter. First Trust Advisors's holdings in Check Point Software Technologies Ltd. were worth $296.45 million as of its most recent filing.
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About Check Point Software Technologies Ltd.
Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. It provides a multilevel security architecture that defends enterprises' cloud, network, mobile devices, endpoints information, and IOT solutions. The company offers Mesh Network Security, which comprises Firewall, Maestro Hyperscale Firewall, Firewall Software R82.10, Spark Firewall, and AI Powered Security Management for hybrid cloud, internet and perimeter gateways, and branch locations. It also provides Workspace Security Platform, including email, endpoint, mobile, browser, and XDR security solutions across devices, browsers, SaaS apps, and remote access. In addition, the company offers Threat Exposure Management platforms comprising threat intelligence, vulnerability detection and prioritization, and safe remediation. Further, it offers AI Security platforms comprising workforce and agent security, and red teaming solutions. Additionally, the company offers cyber security services, including managed detection and response, incident response, security consulting and managed, security consulting, professional, and training services. The company also provides technical customer support programs and plans; professional services in implementing, upgrading, and optimizing its products comprising design planning and security implementation; and certification and educational training services on its products. Check Point Software Technologies Ltd. was incorporated in 1993 and is headquartered in Tel Aviv-Yafo, Israel.
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