SteelPeak Wealth LLC Acquires New Shares in Check Point Software Technologies Ltd. $CHKP

SteelPeak Wealth LLC acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,820 shares of the technology company’s stock, valued at approximately $845,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Horizon Investments LLC boosted its position in Check Point Software Technologies by 116.4% during the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock worth $36,000 after acquiring an additional 85 shares during the period. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies during the 1st quarter worth $37,000. Abound Financial LLC acquired a new position in Check Point Software Technologies during the 1st quarter worth $40,000. TruNorth Capital Management LLC acquired a new position in Check Point Software Technologies during the 1st quarter worth $45,000. Finally, Summit Securities Group LLC acquired a new position in Check Point Software Technologies during the 1st quarter worth $49,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price target on Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating for the company in a research report on Wednesday, September 24th. Scotiabank set a $205.00 price target on Check Point Software Technologies and gave the stock a “sector perform” rating in a research report on Monday. Royal Bank Of Canada reduced their price target on Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating for the company in a research report on Thursday, July 31st. Stephens dropped their price objective on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 31st. Finally, Mizuho boosted their price objective on Check Point Software Technologies from $230.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $226.79.

Check Point Software Technologies Stock Up 0.3%

Shares of Check Point Software Technologies stock opened at $201.00 on Thursday. The stock’s fifty day moving average is $193.95 and its 200-day moving average is $211.23. The firm has a market capitalization of $22.11 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.01. The company had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.Check Point Software Technologies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.17 earnings per share. Check Point Software Technologies has set its FY 2025 guidance at 9.600-10.200 EPS. Q3 2025 guidance at 2.400-2.500 EPS. Analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Check Point Software Technologies Profile

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.