Check Point Software Technologies Ltd. $CHKP Shares Sold by National Pension Service

National Pension Service reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 393,230 shares of the technology company’s stock after selling 356 shares during the quarter. National Pension Service owned 0.36% of Check Point Software Technologies worth $87,002,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CHKP. Legacy Investment Solutions LLC acquired a new position in Check Point Software Technologies in the 2nd quarter valued at $25,000. Horizon Investments LLC lifted 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 valued at $36,000 after purchasing an additional 85 shares during the period. Summit Securities Group LLC purchased a new stake in Check Point Software Technologies in the 1st quarter valued at approximately $49,000. LRI Investments LLC acquired a new position in Check Point Software Technologies during the 1st quarter worth approximately $50,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Check Point Software Technologies by 23.2% in the 1st quarter. Larson Financial Group LLC now owns 260 shares of the technology company’s stock valued at $59,000 after buying an additional 49 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CHKP has been the subject of several research analyst reports. Stephens cut their price objective on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating for the company in a research report on Thursday, July 31st. BMO Capital Markets increased their price target on shares of Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Mizuho set a $225.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Wells Fargo & Company decreased their price target on 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, Barclays raised their price objective on Check Point Software Technologies from $220.00 to $235.00 and gave the company 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 issued a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $230.48.

Check Point Software Technologies Trading Down 1.0%

NASDAQ:CHKP opened at $202.31 on Thursday. Check Point Software Technologies Ltd. has a 12-month low of $170.99 and a 12-month high of $234.35. The firm has a market cap of $22.25 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. The company’s 50-day moving average is $197.75 and its two-hundred day moving average is $207.16.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data 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. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The business had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. During the same quarter in the previous year, the business posted $2.25 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. 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, equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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.