US Bancorp DE Lowers Stock Position in Check Point Software Technologies Ltd. $CHKP

US Bancorp DE lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 98,392 shares of the technology company’s stock after selling 3,906 shares during the quarter. US Bancorp DE’s holdings in Check Point Software Technologies were worth $21,769,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CHKP. Integrated Advisors Network LLC lifted its position in shares of Check Point Software Technologies by 15.2% in the 1st quarter. Integrated Advisors Network LLC now owns 1,248 shares of the technology company’s stock worth $284,000 after purchasing an additional 165 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Check Point Software Technologies by 184.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 57,690 shares of the technology company’s stock worth $13,149,000 after purchasing an additional 37,407 shares during the period. Fifth Third Bancorp lifted its position in shares of Check Point Software Technologies by 96.7% in the 1st quarter. Fifth Third Bancorp now owns 1,064 shares of the technology company’s stock worth $243,000 after purchasing an additional 523 shares during the period. NorthCrest Asset Manangement LLC lifted its position in shares of Check Point Software Technologies by 0.5% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 73,335 shares of the technology company’s stock worth $16,715,000 after purchasing an additional 372 shares during the period. Finally, RMR Wealth Builders purchased a new stake in shares of Check Point Software Technologies in the 1st quarter worth approximately $293,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wells Fargo & Company decreased their target price on shares of Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Barclays set a $215.00 target price on shares of Check Point Software Technologies and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Citigroup decreased their target price on shares of Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. Royal Bank Of Canada decreased their target price on shares of Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating for the company in a research report on Thursday, July 31st. Finally, Stifel Nicolaus set a $200.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $226.79.

Check Point Software Technologies Trading Down 1.3%

Shares of Check Point Software Technologies stock opened at $195.56 on Friday. The firm has a market capitalization of $21.51 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 2.98 and a beta of 0.60. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35. The firm’s 50 day simple moving average is $194.33 and its two-hundred day simple moving average is $210.78.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.01. The firm had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.17 earnings per share. 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. On average, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Check Point Software Technologies Company Profile

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.