Vinva Investment Management Ltd Buys Shares of 2,614 Check Point Software Technologies Ltd. $CHKP

Vinva Investment Management Ltd purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the second quarter, Holdings Channel reports. The fund purchased 2,614 shares of the technology company’s stock, valued at approximately $566,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Te Ahumairangi Investment Management Ltd lifted its stake in shares of Check Point Software Technologies by 10.5% in the 2nd quarter. Te Ahumairangi Investment Management Ltd now owns 52,751 shares of the technology company’s stock worth $11,671,000 after acquiring an additional 5,005 shares during the period. Choreo LLC increased its stake in shares of Check Point Software Technologies by 18.3% during the second quarter. Choreo LLC now owns 2,055 shares of the technology company’s stock valued at $455,000 after acquiring an additional 318 shares during the period. Inceptionr LLC raised its holdings in Check Point Software Technologies by 50.7% during the second quarter. Inceptionr LLC now owns 6,414 shares of the technology company’s stock worth $1,419,000 after purchasing an additional 2,158 shares in the last quarter. Laurel Wealth Advisors LLC raised its holdings in Check Point Software Technologies by 22,025.4% during the second quarter. Laurel Wealth Advisors LLC now owns 13,939 shares of the technology company’s stock worth $3,084,000 after purchasing an additional 13,876 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its position in Check Point Software Technologies by 326.3% in the second quarter. CreativeOne Wealth LLC now owns 4,135 shares of the technology company’s stock worth $915,000 after purchasing an additional 3,165 shares during the period. Institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Weiss Ratings upgraded Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, October 30th. Citigroup reaffirmed a “sector perform” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 29th. Scotiabank lifted their target price on Check Point Software Technologies from $205.00 to $210.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 29th. Mizuho set a $225.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 29th. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $220.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 22nd. One equities 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 data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $230.48.

Check Point Software Technologies Stock Up 3.9%

Shares of Check Point Software Technologies stock opened at $191.50 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $178.64 and a 12-month high of $234.35. The firm has a market capitalization of $21.06 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. The stock’s fifty day moving average is $196.04 and its 200-day moving average is $204.72.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $1.49. The business had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.Check Point Software Technologies’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the company posted $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. Analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current 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.