Sierra Legacy Group Buys 3,350 Shares of Check Point Software Technologies Ltd. $CHKP

Sierra Legacy Group grew its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 43.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 11,017 shares of the technology company’s stock after buying an additional 3,350 shares during the quarter. Check Point Software Technologies accounts for approximately 1.7% of Sierra Legacy Group’s portfolio, making the stock its 15th biggest position. Sierra Legacy Group’s holdings in Check Point Software Technologies were worth $2,280,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Davis Capital Management purchased a new stake in shares of Check Point Software Technologies in the third quarter worth approximately $1,276,000. Ninety One UK Ltd boosted its position in shares of Check Point Software Technologies by 0.3% during the third quarter. Ninety One UK Ltd now owns 2,601,592 shares of the technology company’s stock valued at $538,295,000 after buying an additional 8,814 shares during the last quarter. Triton Financial Group Inc bought a new stake in Check Point Software Technologies during the second quarter worth $2,296,000. Meyer Handelman Co. raised its position in Check Point Software Technologies by 11.9% in the 3rd quarter. Meyer Handelman Co. now owns 52,291 shares of the technology company’s stock valued at $10,820,000 after buying an additional 5,552 shares during the last quarter. Finally, Aberdeen Group plc raised its position in Check Point Software Technologies by 4.9% in the 2nd quarter. Aberdeen Group plc now owns 39,850 shares of the technology company’s stock valued at $8,817,000 after buying an additional 1,848 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHKP has been the subject of several analyst reports. Morgan Stanley set a $212.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 29th. Stifel Nicolaus set a $211.00 price objective on shares of Check Point Software Technologies in a research note on Tuesday, October 28th. Cantor Fitzgerald restated a “neutral” rating and issued a $220.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, October 22nd. Citigroup decreased their price target on Check Point Software Technologies from $210.00 to $200.00 and set a “neutral” rating for the company in a research report on Tuesday, January 13th. Finally, Royal Bank Of Canada cut their price objective on Check Point Software Technologies from $215.00 to $195.00 and set a “sector perform” rating on the stock in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $230.41.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $185.54 on Friday. The company has a market capitalization of $20.41 billion, a P/E ratio of 20.32, a P/E/G ratio of 3.27 and a beta of 0.59. The business has a fifty day simple moving average of $189.92 and a two-hundred day simple moving average of $196.43. Check Point Software Technologies Ltd. has a 1 year low of $178.68 and a 1 year high of $234.35.

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 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 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 company earned $2.25 EPS. The firm’s quarterly 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 and its Q4 2025 guidance at 2.700-2.800 EPS. As a group, analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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).