Check Point Software Technologies Ltd. $CHKP Shares Purchased by Meitav Investment House Ltd.

Meitav Investment House Ltd. raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 586.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 130,117 shares of the technology company’s stock after acquiring an additional 111,170 shares during the period. Meitav Investment House Ltd. owned 0.12% of Check Point Software Technologies worth $26,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at about $25,000. Louisbourg Investments Inc. acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $29,000. First Horizon Corp purchased a new position in shares of Check Point Software Technologies during the third quarter worth approximately $38,000. Heartwood Wealth Advisors LLC acquired a new position in shares of Check Point Software Technologies in the 3rd quarter valued at $42,000. Finally, Richardson Financial Services Inc. boosted its stake in Check Point Software Technologies by 63.2% during the 3rd quarter. Richardson Financial Services Inc. now owns 204 shares of the technology company’s stock worth $42,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

CHKP opened at $185.54 on Friday. The business has a 50 day simple moving average of $189.92 and a 200-day simple moving average of $196.43. The stock has a market capitalization of $20.41 billion, a P/E ratio of 20.32, a P/E/G ratio of 3.27 and a beta of 0.59. Check Point Software Technologies Ltd. has a 12 month low of $178.68 and a 12 month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data 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. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The firm had revenue of $677.50 million for the quarter, compared to analyst estimates of $673.60 million. During the same quarter in the prior year, the company posted $2.25 earnings per share. Check Point Software Technologies’s quarterly revenue was up 6.7% on a year-over-year basis. 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. Research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on CHKP. Weiss Ratings upgraded shares of Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, October 30th. Cantor Fitzgerald reissued a “neutral” rating and set a $220.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 22nd. Morgan Stanley set a $212.00 price objective on Check Point Software Technologies in a research note on Wednesday, October 29th. BMO Capital Markets increased their price objective on Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Finally, UBS Group boosted their target price on Check Point Software Technologies from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $230.41.

Check Point Software Technologies Company 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).