Anchor Investment Management LLC Has $1.29 Million Stake in Check Point Software Technologies Ltd. $CHKP

Anchor Investment Management LLC decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,670 shares of the technology company’s stock after selling 105 shares during the quarter. Anchor Investment Management LLC’s holdings in Check Point Software Technologies were worth $1,292,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Capital A Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $29,000. Horizon Investments LLC grew its stake in shares of Check Point Software Technologies by 116.4% in the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after buying an additional 85 shares in the last quarter. Cromwell Holdings LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $37,000. Abound Financial LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $40,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $45,000. Institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CHKP shares. Scotiabank lowered their price target on Check Point Software Technologies from $240.00 to $220.00 and set a “sector outperform” rating for the company in a research note on Thursday, July 31st. Stifel Nicolaus set a $200.00 price target on Check Point Software Technologies in a research note on Wednesday, July 30th. Citigroup decreased their target price on Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. Wells Fargo & Company decreased their target price on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Finally, Barclays set a $215.00 target price on Check Point Software Technologies and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $227.58.

Check Point Software Technologies Stock Down 1.2%

Shares of CHKP stock opened at $194.24 on Thursday. Check Point Software Technologies Ltd. has a 12 month low of $169.01 and a 12 month high of $234.35. The firm has a market cap of $21.36 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60. The stock has a 50 day moving average of $201.35 and a 200-day moving average of $214.29.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The company had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. During the same period in the previous year, the company earned $2.17 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Check Point Software Technologies has set its FY 2025 guidance at 9.600-10.200 EPS. Q3 2025 guidance at 2.400-2.500 EPS. As a group, equities analysts predict 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.