Dorsey Wright & Associates Sells 4,195 Shares of Check Point Software Technologies Ltd. $CHKP

Dorsey Wright & Associates cut its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 38.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,661 shares of the technology company’s stock after selling 4,195 shares during the quarter. Dorsey Wright & Associates’ holdings in Check Point Software Technologies were worth $1,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHKP. Legacy Investment Solutions LLC acquired a new stake in shares of Check Point Software Technologies in the second quarter valued at about $25,000. Horizon Investments LLC grew its holdings in 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 during the last quarter. Summit Securities Group LLC bought a new position in Check Point Software Technologies in the 1st quarter worth approximately $49,000. Larson Financial Group LLC lifted its holdings in shares of Check Point Software Technologies by 23.2% during the first quarter. Larson Financial Group LLC now owns 260 shares of the technology company’s stock worth $59,000 after buying an additional 49 shares during the last quarter. Finally, IMA Advisory Services Inc. bought a new stake in shares of Check Point Software Technologies in the first quarter valued at approximately $62,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $190.70 on Wednesday. The stock has a market cap of $20.97 billion, a PE ratio of 20.89, a PEG ratio of 2.97 and a beta of 0.58. The business has a fifty day moving average of $197.79 and a two-hundred day moving average of $206.51. Check Point Software Technologies Ltd. has a 52-week low of $170.99 and a 52-week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, topping the consensus estimate 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 business had revenue of $677.50 million for the quarter, compared to the consensus estimate of $673.60 million. During the same period in the previous year, the business earned $2.25 EPS. Check Point Software Technologies’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. Analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of 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. Morgan Stanley set a $212.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, October 29th. Stifel Nicolaus set a $211.00 target price on shares of Check Point Software Technologies in a research note on Tuesday, October 28th. Mizuho set a $225.00 price target on Check Point Software Technologies in a research note on Wednesday, October 29th. Finally, Weiss Ratings raised Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $230.48.

About Check Point Software Technologies

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.