VIRGINIA RETIREMENT SYSTEMS ET Al Has $40.54 Million Position in Check Point Software Technologies Ltd. $CHKP

VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 19.2% in the third quarter, HoldingsChannel.com reports. The fund owned 195,937 shares of the technology company’s stock after acquiring an additional 31,537 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Check Point Software Technologies were worth $40,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Check Point Software Technologies by 43.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company’s stock valued at $338,168,000 after acquiring an additional 450,099 shares in the last quarter. Triton Financial Group Inc acquired a new stake in shares of Check Point Software Technologies in the second quarter valued at approximately $2,296,000. Modern Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the first quarter valued at approximately $290,000. Aberdeen Group plc lifted its position in shares of Check Point Software Technologies by 4.9% in the second quarter. Aberdeen Group plc now owns 39,850 shares of the technology company’s stock worth $8,817,000 after purchasing an additional 1,848 shares in the last quarter. Finally, Meyer Handelman Co. boosted its holdings in Check Point Software Technologies by 11.9% during the third quarter. Meyer Handelman Co. now owns 52,291 shares of the technology company’s stock worth $10,820,000 after purchasing an additional 5,552 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Down 0.6%

Shares of NASDAQ CHKP opened at $187.46 on Wednesday. The company has a market capitalization of $20.62 billion, a P/E ratio of 20.53, a P/E/G ratio of 3.01 and a beta of 0.61. Check Point Software Technologies Ltd. has a 12 month low of $178.64 and a 12 month high of $234.35. The stock has a 50 day moving average of $192.15 and a 200-day moving average of $199.22.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results 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 business had revenue of $677.50 million during the quarter, compared to the consensus estimate of $673.60 million. During the same quarter last year, the firm posted $2.25 EPS. The company’s quarterly revenue 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 and its Q4 2025 guidance at 2.700-2.800 EPS. Analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CHKP shares. BMO Capital Markets lifted their price target on shares of Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Citigroup lifted their target price on Check Point Software Technologies from $200.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, December 11th. Royal Bank Of Canada upped their target price on Check Point Software Technologies from $207.00 to $215.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 29th. Cantor Fitzgerald restated a “neutral” rating and issued a $220.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 22nd. Finally, Scotiabank boosted their price target on Check Point Software Technologies from $205.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 29th. 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $230.91.

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).