Osaic Holdings Inc. Buys 16,237 Shares of Check Point Software Technologies Ltd. $CHKP

Osaic Holdings Inc. grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 40.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,597 shares of the technology company’s stock after buying an additional 16,237 shares during the quarter. Osaic Holdings Inc. owned 0.05% of Check Point Software Technologies worth $12,663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Squarepoint Ops LLC boosted its stake in Check Point Software Technologies by 20.9% in the 2nd quarter. Squarepoint Ops LLC now owns 26,464 shares of the technology company’s stock worth $5,855,000 after purchasing an additional 4,577 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Check Point Software Technologies by 28.4% during the second quarter. Thrivent Financial for Lutherans now owns 113,085 shares of the technology company’s stock worth $25,020,000 after buying an additional 25,036 shares during the period. Carter Financial Group INC. acquired a new position in shares of Check Point Software Technologies during the second quarter worth about $210,000. Monarch Capital Management Inc. grew its holdings in shares of Check Point Software Technologies by 6.2% during the second quarter. Monarch Capital Management Inc. now owns 2,781 shares of the technology company’s stock worth $615,000 after buying an additional 162 shares in the last quarter. Finally, State of Wyoming raised its position in Check Point Software Technologies by 97.6% in the 2nd quarter. State of Wyoming now owns 3,604 shares of the technology company’s stock valued at $797,000 after buying an additional 1,780 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $189.14 on Friday. 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 $20.80 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 3.00 and a beta of 0.61. The company has a 50-day simple moving average of $192.73 and a 200 day simple moving average of $201.51.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $677.50 million for the quarter, compared to analyst estimates of $673.60 million. During the same quarter in the prior year, the company earned $2.25 earnings per share. The business’s revenue for the quarter 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 and its Q4 2025 guidance at 2.700-2.800 EPS. As a group, equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CHKP shares. Stifel Nicolaus set a $211.00 price target on shares of Check Point Software Technologies in a research note on Tuesday, October 28th. BMO Capital Markets raised their target price on shares of 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. Barclays lifted their price target on shares of Check Point Software Technologies from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 22nd. Finally, Morgan Stanley set a $212.00 target price on Check Point Software Technologies 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $230.91.

Check Point Software Technologies Company Profile

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).