Check Point Software Technologies Ltd. $CHKP Shares Sold by M&G PLC

M&G PLC cut its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 19.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,542 shares of the technology company’s stock after selling 19,958 shares during the quarter. M&G PLC owned 0.07% of Check Point Software Technologies worth $17,800,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CHKP. Victory Capital Management Inc. raised its stake in Check Point Software Technologies by 2,704.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock valued at $297,333,000 after purchasing an additional 1,258,034 shares during the period. Invesco Ltd. increased its stake in shares of Check Point Software Technologies by 737.5% in the first quarter. Invesco Ltd. now owns 982,986 shares of the technology company’s stock worth $224,042,000 after acquiring an additional 865,608 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Check Point Software Technologies by 214.6% during the first quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company’s stock worth $197,086,000 after acquiring an additional 589,816 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in 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 purchasing an additional 450,099 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Check Point Software Technologies by 28.1% in the 1st quarter. Ameriprise Financial Inc. now owns 1,830,874 shares of the technology company’s stock worth $417,280,000 after purchasing an additional 401,150 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on CHKP. UBS Group boosted their price target on Check Point Software Technologies from $210.00 to $215.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Wells Fargo & Company decreased their target price on shares of 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. Roth Capital restated a “neutral” rating on shares of Check Point Software Technologies in a report on Monday, October 27th. Stifel Nicolaus set a $211.00 price objective on shares of Check Point Software Technologies in a report on Tuesday, October 28th. Finally, BMO Capital Markets increased their target price on shares of Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $230.48.

Check Point Software Technologies Price Performance

CHKP stock opened at $202.31 on Thursday. The stock has a market capitalization of $22.25 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. The company has a 50-day moving average of $197.75 and a two-hundred day moving average of $207.16. Check Point Software Technologies Ltd. has a 52-week low of $170.99 and a 52-week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data 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. The business had revenue of $677.50 million during the quarter, compared to analysts’ expectations of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 EPS. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS. Q4 2025 guidance at 2.700-2.800 EPS. Equities analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

About Check Point Software Technologies

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.