Ninety One UK Ltd Raises Stock Holdings in Check Point Software Technologies Ltd. $CHKP

Ninety One UK Ltd raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,601,592 shares of the technology company’s stock after purchasing an additional 8,814 shares during the quarter. Check Point Software Technologies makes up approximately 1.2% of Ninety One UK Ltd’s portfolio, making the stock its 23rd largest holding. Ninety One UK Ltd’s holdings in Check Point Software Technologies were worth $538,295,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC purchased a new stake in Check Point Software Technologies in the second quarter worth approximately $25,000. Louisbourg Investments Inc. purchased a new stake in Check Point Software Technologies during the 3rd quarter valued at $29,000. Heartwood Wealth Advisors LLC bought a new position in shares of Check Point Software Technologies during the 3rd quarter valued at $42,000. AlphaCore Capital LLC purchased a new position in shares of Check Point Software Technologies in the 2nd quarter worth $43,000. Finally, CENTRAL TRUST Co boosted its stake in shares of Check Point Software Technologies by 126.7% in the 2nd quarter. CENTRAL TRUST Co now owns 340 shares of the technology company’s stock worth $75,000 after buying an additional 190 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CHKP. BMO Capital Markets upped their price objective 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. Weiss Ratings upgraded Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, October 30th. Mizuho set a $225.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Roth Capital reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Monday, October 27th. Finally, UBS Group boosted their target price on shares of Check Point Software Technologies from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $230.91.

Check Point Software Technologies Stock Down 1.0%

NASDAQ CHKP opened at $185.56 on Thursday. Check Point Software Technologies Ltd. has a 52 week low of $178.64 and a 52 week high of $234.35. The company has a market capitalization of $20.41 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.99 and a beta of 0.61. The stock’s 50-day moving average price is $191.96 and its 200-day moving average price is $199.13.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results 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. The business had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.25 earnings per share. 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.

About Check Point Software Technologies

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).