Check Point Software Technologies Ltd. $CHKP Stake Raised by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 6,287 shares of the technology company’s stock after purchasing an additional 403 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Check Point Software Technologies were worth $1,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ninety One UK Ltd raised its position in Check Point Software Technologies by 2.6% in the second quarter. Ninety One UK Ltd now owns 2,592,778 shares of the technology company’s stock worth $573,652,000 after acquiring an additional 64,745 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Check Point Software Technologies by 28.1% in the 1st quarter. Ameriprise Financial Inc. now owns 1,830,874 shares of the technology company’s stock worth $417,280,000 after purchasing an additional 401,150 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Check Point Software Technologies by 2.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company’s stock worth $384,591,000 after purchasing an additional 46,713 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Check Point Software Technologies by 43.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company’s stock worth $338,168,000 after purchasing an additional 450,099 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Check Point Software Technologies by 2,704.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock worth $297,333,000 after purchasing an additional 1,258,034 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Performance

CHKP opened at $201.57 on Friday. The business has a 50 day moving average price of $194.37 and a 200 day moving average price of $211.82. Check Point Software Technologies Ltd. has a twelve month low of $169.01 and a twelve month high of $234.35. The firm has a market cap of $22.17 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 3.08 and a beta of 0.60.

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, analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CHKP. Stifel Nicolaus set a $200.00 price target on Check Point Software Technologies in a research note on Wednesday, July 30th. Wells Fargo & Company dropped their price target on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Barclays set a $215.00 price target on Check Point Software Technologies and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Scotiabank dropped their price target on Check Point Software Technologies from $240.00 to $220.00 and set a “sector outperform” rating on the stock in a research note on Thursday, July 31st. Finally, Stephens dropped their price target on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have given a Hold rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $227.42.

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.