Check Point Software Technologies Ltd. $CHKP Stock Position Lifted by West Family Investments Inc.

West Family Investments Inc. lifted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 18.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,196 shares of the technology company’s stock after acquiring an additional 338 shares during the quarter. West Family Investments Inc.’s holdings in Check Point Software Technologies were worth $486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CHKP. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of 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. Nuveen LLC acquired a new position in Check Point Software Technologies in the first quarter worth approximately $88,286,000. National Pension Service increased its holdings in shares of Check Point Software Technologies by 49.2% in the first quarter. National Pension Service now owns 393,586 shares of the technology company’s stock valued at $89,706,000 after buying an additional 129,829 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Check Point Software Technologies by 16.8% in the first quarter. Mackenzie Financial Corp now owns 24,208 shares of the technology company’s stock valued at $5,517,000 after buying an additional 3,478 shares in the last quarter. Finally, Triton Financial Group Inc acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at $2,296,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $191.50 on Friday. The company has a 50 day simple moving average of $196.04 and a 200-day simple moving average of $204.72. Check Point Software Technologies Ltd. has a 52-week low of $178.64 and a 52-week high of $234.35. The firm has a market capitalization of $21.06 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The company had revenue of $677.50 million during the quarter, compared to the consensus estimate of $673.60 million. During the same quarter in the prior year, the firm earned $2.25 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. 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. On average, analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CHKP. Stifel Nicolaus set a $211.00 target price on Check Point Software Technologies in a report on Tuesday, October 28th. BMO Capital Markets increased their price target on Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Scotiabank boosted their price objective on Check Point Software Technologies from $205.00 to $210.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 29th. Barclays raised 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. Finally, Mizuho set a $225.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $230.48.

Check Point Software Technologies 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.