Mitsubishi UFJ Trust & Banking Corp Reduces Holdings in Check Point Software Technologies Ltd. $CHKP

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,406 shares of the technology company’s stock after selling 33,481 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.18% of Check Point Software Technologies worth $44,782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHKP. Fulton Bank N.A. boosted its stake in shares of Check Point Software Technologies by 3.2% during the second quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company’s stock valued at $330,000 after acquiring an additional 46 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of 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 purchasing an additional 49 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its stake in shares of 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 purchasing an additional 50 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Check Point Software Technologies by 1.2% during the second quarter. Contravisory Investment Management Inc. now owns 4,693 shares of the technology company’s stock worth $1,038,000 after buying an additional 55 shares in the last quarter. Finally, Aaron Wealth Advisors LLC boosted its position in Check Point Software Technologies by 5.2% during the second 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 last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays raised their price objective on Check Point Software Technologies from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Roth Capital reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research note on Monday, October 27th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $220.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 22nd. Royal Bank Of Canada lifted their target price on Check Point Software Technologies from $207.00 to $215.00 and gave the company a “sector perform” rating in a report on Wednesday, October 29th. Finally, UBS Group boosted their price target on Check Point Software Technologies from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $230.48.

Check Point Software Technologies Stock Down 1.7%

NASDAQ:CHKP opened at $198.81 on Friday. The company has a market cap of $21.87 billion, a PE ratio of 21.78, a P/E/G ratio of 2.97 and a beta of 0.58. Check Point Software Technologies Ltd. has a 52 week low of $170.99 and a 52 week high of $234.35. The business’s 50 day moving average is $197.91 and its two-hundred day moving average is $207.10.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. The firm had revenue of $677.50 million during the quarter, compared to the consensus estimate of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.25 EPS. 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, sell-side analysts expect 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.