Check Point Software Technologies Ltd. $CHKP Stake Trimmed by Plato Investment Management Ltd

Plato Investment Management Ltd lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 68.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,874 shares of the technology company’s stock after selling 4,115 shares during the quarter. Plato Investment Management Ltd’s holdings in Check Point Software Technologies were worth $413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Fulton Bank N.A. boosted its position in Check Point Software Technologies by 3.2% during the 2nd quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company’s stock worth $330,000 after acquiring an additional 46 shares during the period. Larson Financial Group LLC boosted its position in Check Point Software Technologies by 23.2% during the 1st quarter. Larson Financial Group LLC now owns 260 shares of the technology company’s stock worth $59,000 after acquiring an additional 49 shares during the period. Sterling Investment Advisors Ltd. boosted its position in Check Point Software Technologies by 2.6% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 1,970 shares of the technology company’s stock worth $436,000 after acquiring an additional 50 shares during the period. Contravisory Investment Management Inc. boosted its position in Check Point Software Technologies by 1.2% during the 2nd quarter. Contravisory Investment Management Inc. now owns 4,693 shares of the technology company’s stock worth $1,038,000 after acquiring an additional 55 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its position in Check Point Software Technologies by 5.2% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company’s stock worth $244,000 after acquiring an additional 55 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on CHKP. Roth Capital restated a “neutral” rating on shares of Check Point Software Technologies in a research report on Monday, October 27th. Morgan Stanley set a $212.00 price objective on Check Point Software Technologies in a research report on Wednesday, October 29th. Stephens dropped 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 report on Thursday, July 31st. Weiss Ratings raised Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. dropped their target price on Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen 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 a consensus target price of $230.48.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $194.59 on Tuesday. The company has a market cap of $21.40 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.97 and a beta of 0.60. The stock’s 50-day moving average is $196.64 and its 200-day moving average is $207.64. 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 announced its earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. The business had revenue of $677.50 million for the quarter, compared to analyst estimates of $673.60 million. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. Check Point Software Technologies’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.25 earnings per share. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS. Q4 2025 guidance at 2.700-2.800 EPS. As a group, equities analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

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.