Check Point Software Technologies Ltd. $CHKP Shares Bought by Laurel Wealth Advisors LLC

Laurel Wealth Advisors LLC increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 22,025.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,939 shares of the technology company’s stock after acquiring an additional 13,876 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Check Point Software Technologies were worth $3,084,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC acquired a new position in shares of Check Point Software Technologies during the 2nd quarter worth about $25,000. Horizon Investments LLC increased its stake 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 buying an additional 85 shares in the last quarter. AlphaCore Capital LLC acquired a new position in shares of Check Point Software Technologies during the second quarter valued at approximately $43,000. Summit Securities Group LLC purchased a new position in shares of Check Point Software Technologies in the first quarter valued at approximately $49,000. Finally, Costello Asset Management INC purchased a new position in shares of Check Point Software Technologies in the first quarter valued at approximately $62,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $184.34 on Friday. The stock has a market capitalization of $20.27 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. The business has a 50-day moving average of $196.17 and a 200 day moving average of $204.99. Check Point Software Technologies Ltd. has a 12 month low of $178.64 and a 12 month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $673.60 million. During the same quarter last year, the company posted $2.25 EPS. The firm’s revenue 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. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Jefferies Financial Group decreased their price objective on Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Royal Bank Of Canada increased their target price on shares of Check Point Software Technologies from $207.00 to $215.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 29th. Stifel Nicolaus set a $211.00 price target on shares of Check Point Software Technologies in a research report on Tuesday, October 28th. Scotiabank upped their price objective on shares of Check Point Software Technologies from $205.00 to $210.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 29th. Finally, Barclays raised their target price on shares of Check Point Software Technologies from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $230.48.

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.