Check Point Software Technologies Ltd. $CHKP Holdings Lifted by Swedbank AB

Swedbank AB boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 459,460 shares of the technology company’s stock after acquiring an additional 29,479 shares during the quarter. Swedbank AB owned about 0.42% of Check Point Software Technologies worth $95,067,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Security Financial Services INC. grew its position in Check Point Software Technologies by 19.8% in the third quarter. Security Financial Services INC. now owns 1,967 shares of the technology company’s stock worth $407,000 after buying an additional 325 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its stake in shares of Check Point Software Technologies by 1.8% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 7,878 shares of the technology company’s stock worth $1,630,000 after acquiring an additional 143 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Check Point Software Technologies by 10.5% in the 3rd quarter. Brighton Jones LLC now owns 1,420 shares of the technology company’s stock worth $294,000 after acquiring an additional 135 shares during the last quarter. Trust Point Inc. raised its position in shares of Check Point Software Technologies by 2.3% during the third quarter. Trust Point Inc. now owns 2,420 shares of the technology company’s stock worth $501,000 after purchasing an additional 54 shares during the period. Finally, Louisbourg Investments Inc. purchased a new stake in shares of Check Point Software Technologies during the third quarter valued at $29,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. UBS Group lifted their price target on Check Point Software Technologies from $210.00 to $215.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Stifel Nicolaus set a $211.00 price target on shares of Check Point Software Technologies in a report on Tuesday, October 28th. Scotiabank upped their price target on shares of Check Point Software Technologies from $205.00 to $210.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 29th. Citigroup raised their price objective on shares of Check Point Software Technologies from $200.00 to $210.00 and gave the stock a “neutral” rating in a research note on Thursday, December 11th. Finally, JPMorgan Chase & Co. dropped their price target 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 issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $230.91.

Check Point Software Technologies Trading Down 1.5%

Shares of NASDAQ:CHKP opened at $186.69 on Thursday. The stock has a market capitalization of $20.53 billion, a PE ratio of 20.45, a P/E/G ratio of 3.02 and a beta of 0.61. Check Point Software Technologies Ltd. has a 1 year low of $178.64 and a 1 year high of $234.35. The firm has a fifty day moving average price of $192.48 and a 200 day moving average price of $200.42.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. The company had revenue of $677.50 million during the quarter, compared to analysts’ expectations of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 earnings per share. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS and its Q4 2025 guidance at 2.700-2.800 EPS. On average, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. is an Israeli-founded cybersecurity company that develops, markets and supports a broad portfolio of network, cloud and endpoint security products. Founded in 1993, the company was an early pioneer of stateful inspection firewall technology and later developed a modular “software blade” approach that allowed customers to combine protection capabilities. Check Point’s product set spans physical and virtual security appliances, software and cloud-native services designed to prevent cyberattacks, protect data and simplify security management for enterprises and service providers.

Key product families include Quantum Security Gateways (on-premises and hybrid appliances), CloudGuard (cloud security posture and workload protection), Harmony (endpoint, remote access and unified endpoint security), and SandBlast (advanced threat prevention and sandboxing).