Check Point Software Technologies Ltd. $CHKP Shares Sold by Ethic Inc.

Ethic Inc. lessened its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,410 shares of the technology company’s stock after selling 659 shares during the period. Ethic Inc.’s holdings in Check Point Software Technologies were worth $3,985,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Horizon Investments LLC increased its position in Check Point Software Technologies by 116.4% in the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after acquiring an additional 85 shares during the period. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies in the 1st quarter valued at about $37,000. Abound Financial LLC acquired a new position in Check Point Software Technologies in the 1st quarter valued at about $40,000. TruNorth Capital Management LLC acquired a new position in Check Point Software Technologies in the 1st quarter valued at about $45,000. Finally, Summit Securities Group LLC acquired a new position in Check Point Software Technologies in the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CHKP shares. Morgan Stanley dropped their price target on Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 2nd. UBS Group dropped their price target on Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 8th. Stephens dropped their target price on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 31st. Finally, Citigroup dropped their target price on Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $227.00.

Check Point Software Technologies Price Performance

CHKP opened at $193.56 on Friday. The stock has a market cap of $21.29 billion, a P/E ratio of 25.20, a P/E/G ratio of 2.93 and a beta of 0.60. The stock’s 50 day simple moving average is $195.59 and its 200 day simple moving average is $208.77. Check Point Software Technologies Ltd. has a 1-year low of $169.01 and a 1-year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.01. The business had revenue of $665.20 million for the quarter, compared to analysts’ expectations of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.17 EPS. Check Point Software Technologies has set its FY 2025 guidance at 9.600-10.200 EPS. Q3 2025 guidance at 2.400-2.500 EPS. Research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal 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.