Seizert Capital Partners LLC Trims Stock Position in Check Point Software Technologies Ltd. $CHKP

Seizert Capital Partners LLC cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 18.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 82,318 shares of the technology company’s stock after selling 19,059 shares during the period. Seizert Capital Partners LLC’s holdings in Check Point Software Technologies were worth $18,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHKP. Legacy Investment Solutions LLC purchased a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at $25,000. Horizon Investments LLC grew its position in Check Point Software Technologies by 116.4% during the first quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after acquiring an additional 85 shares during the period. Summit Securities Group LLC purchased a new position in shares of Check Point Software Technologies in the 1st quarter worth about $49,000. Larson Financial Group LLC raised its holdings in Check Point Software Technologies by 23.2% in the first quarter. Larson Financial Group LLC now owns 260 shares of the technology company’s stock valued at $59,000 after buying an additional 49 shares during the period. Finally, IMA Advisory Services Inc. purchased a new position in shares of Check Point Software Technologies in the 1st quarter valued at $62,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CHKP shares. Weiss Ratings upgraded Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, October 30th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $220.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 22nd. Citigroup reissued a “sector perform” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Royal Bank Of Canada increased their price objective on shares of Check Point Software Technologies from $207.00 to $215.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 29th. Finally, Roth Capital reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Monday, October 27th. One 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. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $230.48.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $190.70 on Wednesday. The company has a market capitalization of $20.97 billion, a price-to-earnings ratio of 20.89, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. Check Point Software Technologies Ltd. has a one year low of $170.99 and a one year high of $234.35. The stock has a 50-day simple moving average of $197.79 and a 200 day simple moving average of $206.51.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 earnings per share (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 firm had revenue of $677.50 million for the quarter, compared to analysts’ expectations of $673.60 million. During the same period last year, the business posted $2.25 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. 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, equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

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.