Check Point Software Technologies Ltd. $CHKP Shares Acquired by Creekmur Asset Management LLC

Creekmur Asset Management LLC increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 30.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,558 shares of the technology company’s stock after buying an additional 361 shares during the quarter. Creekmur Asset Management LLC’s holdings in Check Point Software Technologies were worth $345,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CHKP. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Check Point Software Technologies by 15.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,937 shares of the technology company’s stock valued at $899,000 after buying an additional 541 shares in the last quarter. Checchi Capital Advisers LLC acquired a new stake in shares of Check Point Software Technologies in the first quarter valued at about $240,000. 4J Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the first quarter valued at about $202,000. OneDigital Investment Advisors LLC grew its stake in Check Point Software Technologies by 13.2% during the 1st quarter. OneDigital Investment Advisors LLC now owns 5,540 shares of the technology company’s stock valued at $1,263,000 after purchasing an additional 644 shares in the last quarter. Finally, Capital Investment Advisory Services LLC increased its holdings in Check Point Software Technologies by 3.3% during the 1st quarter. Capital Investment Advisory Services LLC now owns 4,650 shares of the technology company’s stock worth $1,060,000 after purchasing an additional 149 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CHKP. Roth Capital restated a “neutral” rating on shares of Check Point Software Technologies in a report on Monday. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, October 22nd. Morgan Stanley set a $212.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday. Stifel Nicolaus set a $211.00 price objective on shares of Check Point Software Technologies in a research note on Tuesday. Finally, BMO Capital Markets increased their price objective on shares of Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $230.48.

Check Point Software Technologies Trading Down 1.9%

Shares of CHKP opened at $195.68 on Friday. The firm has a market cap of $21.52 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 2.97 and a beta of 0.60. The stock has a 50 day moving average of $196.51 and a 200-day moving average of $207.95. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, topping the consensus estimate of $2.45 by $1.49. The company 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%.The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter last 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. On average, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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.