Check Point Software Technologies Ltd. $CHKP is Private Harbour Investment Management & Counsel LLC’s 7th Largest Position

Private Harbour Investment Management & Counsel LLC lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,535 shares of the technology company’s stock after selling 545 shares during the quarter. Check Point Software Technologies makes up 4.0% of Private Harbour Investment Management & Counsel LLC’s portfolio, making the stock its 7th largest holding. Private Harbour Investment Management & Counsel LLC’s holdings in Check Point Software Technologies were worth $3,880,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new position in Check Point Software Technologies in the 2nd quarter worth $25,000. Horizon Investments LLC increased its position in Check Point Software Technologies by 116.4% in the first quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock worth $36,000 after buying an additional 85 shares in the last quarter. Summit Securities Group LLC purchased a new stake in Check Point Software Technologies in the first quarter worth about $49,000. Costello Asset Management INC bought a new position in shares of Check Point Software Technologies in the first quarter worth about $62,000. Finally, IMA Advisory Services Inc. purchased a new position in shares of Check Point Software Technologies during the 1st quarter valued at about $62,000. Institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Stephens reduced their target price on shares of Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating for the company in a report on Thursday, July 31st. Mizuho set a $225.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. JPMorgan Chase & Co. decreased their price objective on shares of Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 24th. Wells Fargo & Company lowered their target price on shares of Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. Finally, BMO Capital Markets upped 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 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $230.48.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $183.93 on Friday. The firm has a market cap of $20.23 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 2.97 and a beta of 0.58. The firm has a fifty day moving average price of $197.36 and a 200 day moving average price of $206.21. Check Point Software Technologies Ltd. has a fifty-two week low of $177.45 and a fifty-two week high of $234.35.

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 analysts’ consensus estimates of $2.45 by $1.49. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The company had revenue of $677.50 million for the quarter, compared to the consensus estimate of $673.60 million. During the same period in the previous year, the firm posted $2.25 EPS. Check Point Software Technologies’s revenue for the quarter was up 6.7% compared to the same quarter last year. 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. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current 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.