DekaBank Deutsche Girozentrale Buys 14,371 Shares of Check Point Software Technologies Ltd. $CHKP

DekaBank Deutsche Girozentrale lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 582,869 shares of the technology company’s stock after purchasing an additional 14,371 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Check Point Software Technologies were worth $126,172,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Ninety One UK Ltd raised its holdings in shares of Check Point Software Technologies by 2.6% in the second quarter. Ninety One UK Ltd now owns 2,592,778 shares of the technology company’s stock valued at $573,652,000 after buying an additional 64,745 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Check Point Software Technologies by 28.1% in the first quarter. Ameriprise Financial Inc. now owns 1,830,874 shares of the technology company’s stock valued at $417,280,000 after buying an additional 401,150 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Check Point Software Technologies by 2.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company’s stock valued at $384,591,000 after buying an additional 46,713 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Check Point Software Technologies by 43.5% in the first 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 buying an additional 450,099 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Check Point Software Technologies by 2,704.5% in the first quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock valued at $297,333,000 after buying an additional 1,258,034 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CHKP shares. Citigroup cut their price target on Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating for the company in a report on Monday, August 18th. Stifel Nicolaus set a $200.00 price objective on Check Point Software Technologies in a research report on Wednesday, July 30th. Barclays lifted their price objective on Check Point Software Technologies from $215.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 14th. Wells Fargo & Company lowered their price objective on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 8th. One 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, the company has a consensus rating of “Hold” and an average price target of $227.00.

Check Point Software Technologies Trading Up 1.3%

Check Point Software Technologies stock opened at $193.15 on Tuesday. The firm has a market capitalization of $21.24 billion, a P/E ratio of 25.15, a PEG ratio of 2.87 and a beta of 0.60. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35. The business has a 50-day moving average of $194.97 and a 200-day moving average of $209.10.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The company had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. During the same period in the previous year, the company earned $2.17 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. 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. Research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Check Point Software Technologies Company 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.