VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 164,400 Check Point Software Technologies Ltd. $CHKP

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 164,400 shares of the technology company’s stock, valued at approximately $36,374,000.

A number of other hedge funds also recently bought and sold shares of the stock. Horizon Investments LLC increased its holdings in shares of Check Point Software Technologies by 116.4% in the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after acquiring an additional 85 shares during the last quarter. Cromwell Holdings LLC purchased a new position in shares of Check Point Software Technologies in the 1st quarter valued at about $37,000. Abound Financial LLC purchased a new position in shares of Check Point Software Technologies in the 1st quarter valued at about $40,000. TruNorth Capital Management LLC purchased a new position in shares of Check Point Software Technologies in the 1st quarter valued at about $45,000. Finally, Summit Securities Group LLC purchased a new position in shares of Check Point Software Technologies in the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 1.2%

Shares of CHKP stock opened at $190.65 on Friday. The business’s 50 day moving average is $194.73 and its two-hundred day moving average is $209.36. Check Point Software Technologies Ltd. has a twelve month low of $169.01 and a twelve month high of $234.35. The company has a market capitalization of $20.97 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 2.87 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The company had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. During the same period last year, the business posted $2.17 EPS. The company’s revenue was up 6.0% on a year-over-year basis. 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. As a group, equities analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Stifel Nicolaus set a $200.00 price objective on Check Point Software Technologies in a report on Wednesday, July 30th. Citigroup decreased their target price on 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. Wells Fargo & Company decreased their target price on 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. Cantor Fitzgerald set a $220.00 target price on Check Point Software Technologies and gave the company a “neutral” rating in a research report on Thursday, July 31st. Finally, Barclays upped their target price on Check Point Software Technologies from $215.00 to $220.00 and gave the company an “equal weight” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $227.00.

Check Point Software Technologies 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.