Capital Insight Partners LLC Sells 1,553 Shares of Check Point Software Technologies Ltd. $CHKP

Capital Insight Partners LLC decreased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,890 shares of the technology company’s stock after selling 1,553 shares during the period. Capital Insight Partners LLC’s holdings in Check Point Software Technologies were worth $5,286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its stake in shares of Check Point Software Technologies by 28.1% in the 1st quarter. Ameriprise Financial Inc. now owns 1,830,874 shares of the technology company’s stock valued at $417,280,000 after purchasing an additional 401,150 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Check Point Software Technologies by 2.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company’s stock worth $384,591,000 after buying an additional 46,713 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Check Point Software Technologies by 43.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company’s stock worth $338,168,000 after buying an additional 450,099 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Check Point Software Technologies by 2,704.5% during the first quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock worth $297,333,000 after buying an additional 1,258,034 shares during the period. Finally, Invesco Ltd. increased its position in Check Point Software Technologies by 737.5% during the first quarter. Invesco Ltd. now owns 982,986 shares of the technology company’s stock valued at $224,042,000 after acquiring an additional 865,608 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 0.5%

CHKP opened at $204.65 on Monday. The stock’s fifty day moving average is $196.11 and its two-hundred day moving average is $212.41. The company has a market capitalization of $22.51 billion, a P/E ratio of 26.65, a PEG ratio of 3.08 and a beta of 0.60. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.01. The business had revenue of $665.20 million during the quarter, compared to analysts’ expectations of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.17 EPS. Check Point Software Technologies has set its FY 2025 guidance at 9.600-10.200 EPS. Q3 2025 guidance at 2.400-2.500 EPS. Equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CHKP shares. Barclays set a $215.00 price target on shares of Check Point Software Technologies and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Stephens cut their target price on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 31st. Scotiabank reduced their price target on Check Point Software Technologies from $240.00 to $220.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 31st. Royal Bank Of Canada decreased their price target on Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating for the company in a research note on Thursday, July 31st. Finally, Morgan Stanley cut their price objective on Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $227.42.

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.