Foundations Investment Advisors LLC Decreases Holdings in Check Point Software Technologies Ltd. $CHKP

Foundations Investment Advisors LLC reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 31.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,935 shares of the technology company’s stock after selling 879 shares during the period. Foundations Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $428,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CHKP. Legacy Investment Solutions LLC acquired a new stake in shares of Check Point Software Technologies in the 2nd quarter worth $25,000. Horizon Investments LLC raised its stake 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 buying an additional 85 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Check Point Software Technologies in the first quarter worth about $49,000. Costello Asset Management INC acquired a new stake in Check Point Software Technologies in the first quarter worth about $62,000. Finally, IMA Advisory Services Inc. purchased a new stake in shares of Check Point Software Technologies during the first quarter worth about $62,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $185.64 on Thursday. Check Point Software Technologies Ltd. has a 1 year low of $173.60 and a 1 year high of $234.35. The company has a market capitalization of $20.42 billion, a PE ratio of 20.33, a P/E/G ratio of 2.97 and a beta of 0.58. The company has a fifty day moving average of $197.61 and a 200 day moving average of $206.36.

Check Point Software Technologies (NASDAQ:CHKP) last released 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 return on equity of 37.91% and a net margin of 37.62%.The business had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. During the same quarter last year, the business posted $2.25 EPS. 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. Research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analysts Set New Price Targets

CHKP has been the subject of a number of recent analyst reports. Citigroup reiterated a “sector perform” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 29th. Wells Fargo & Company decreased their price target on shares of Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Roth Capital reissued a “neutral” rating on shares of Check Point Software Technologies in a report on Monday, October 27th. Weiss Ratings raised Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, October 30th. Finally, Jefferies Financial Group lowered their price target on Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $230.48.

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.