Clal Insurance Enterprises Holdings Ltd Increases Position in Check Point Software Technologies Ltd. $CHKP

Clal Insurance Enterprises Holdings Ltd grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 192.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 30,411 shares of the technology company’s stock after acquiring an additional 20,000 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Check Point Software Technologies were worth $6,728,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Fulton Bank N.A. increased 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 valued at $330,000 after buying an additional 46 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Check Point Software Technologies by 23.2% in the first 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 last quarter. Sterling Investment Advisors Ltd. increased its holdings in shares of Check Point Software Technologies by 2.6% during the second quarter. Sterling Investment Advisors Ltd. now owns 1,970 shares of the technology company’s stock valued at $436,000 after acquiring an additional 50 shares in the last quarter. Contravisory Investment Management Inc. raised its position in shares of Check Point Software Technologies by 1.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 4,693 shares of the technology company’s stock worth $1,038,000 after purchasing an additional 55 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in Check Point Software Technologies by 5.2% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company’s stock worth $244,000 after purchasing an additional 55 shares in the last quarter. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Down 0.7%

Shares of CHKP opened at $190.70 on Wednesday. The firm has a fifty day simple moving average of $197.79 and a two-hundred day simple moving average of $206.51. The firm has a market cap of $20.97 billion, a PE ratio of 20.89, a P/E/G ratio of 2.97 and a beta of 0.58. Check Point Software Technologies Ltd. has a 1-year low of $170.99 and a 1-year high of $234.35.

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 the consensus estimate of $2.45 by $1.49. The company had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.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 company 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, research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Barclays lifted their target price on shares of 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. Stephens decreased their price objective on shares of Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating for the company in a report on Thursday, July 31st. Roth Capital reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research report on Monday, October 27th. BMO Capital Markets increased their target price on Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, Mizuho set a $225.00 price target on Check Point Software Technologies in a research note on Wednesday, October 29th. One investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $230.48.

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.