Fifth Third Wealth Advisors LLC Grows Stake in Check Point Software Technologies Ltd. $CHKP

Fifth Third Wealth Advisors LLC grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 11.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,206 shares of the technology company’s stock after buying an additional 125 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Check Point Software Technologies were worth $267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CHKP. Horizon Investments LLC lifted its stake in shares of Check Point Software Technologies by 116.4% in the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after purchasing an additional 85 shares during the period. Cromwell Holdings LLC purchased a new position in shares of Check Point Software Technologies in the 1st quarter valued at approximately $37,000. Abound Financial LLC purchased a new position in shares of Check Point Software Technologies in the 1st quarter valued at approximately $40,000. TruNorth Capital Management LLC purchased a new position in shares of Check Point Software Technologies in the 1st quarter valued at approximately $45,000. Finally, Summit Securities Group LLC purchased a new position in shares of Check Point Software Technologies in the 1st quarter valued at approximately $49,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Down 0.4%

Check Point Software Technologies stock opened at $194.85 on Tuesday. The firm has a market cap of $21.43 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 2.94 and a beta of 0.60. The stock has a fifty day simple moving average of $194.37 and a two-hundred day simple moving average of $210.28. 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 posted its earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.01. The business had revenue of $665.20 million during 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%.The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.17 EPS. 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. On average, equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on CHKP. Scotiabank set a $205.00 target price on Check Point Software Technologies and gave the company a “sector perform” rating in a research note on Monday, October 6th. Barclays set a $215.00 price objective on Check Point Software Technologies and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Stifel Nicolaus set a $200.00 price objective on Check Point Software Technologies in a research note on Wednesday, July 30th. Morgan Stanley lowered their price objective on Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 2nd. Finally, Stephens lowered their price objective on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating for the company in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $226.79.

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.