Northwestern Mutual Wealth Management Co. Acquires 1,723 Shares of Check Point Software Technologies Ltd. $CHKP

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 26,418 shares of the technology company’s stock after purchasing an additional 1,723 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Check Point Software Technologies were worth $6,021,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital A Wealth Management LLC bought a new position in Check Point Software Technologies during the fourth quarter worth about $29,000. Horizon Investments LLC boosted its holdings in shares of Check Point Software Technologies by 116.4% during the first quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock worth $36,000 after acquiring an additional 85 shares during the period. Cromwell Holdings LLC bought a new stake in shares of Check Point Software Technologies during the first quarter worth approximately $37,000. Abound Financial LLC bought a new stake in shares of Check Point Software Technologies during the first quarter worth approximately $40,000. Finally, TruNorth Capital Management LLC bought a new stake in shares of Check Point Software Technologies during the first quarter worth approximately $45,000. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 1.6%

Shares of CHKP opened at $190.67 on Thursday. The stock has a market capitalization of $20.97 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 2.82 and a beta of 0.59. The firm’s fifty day simple moving average is $206.65 and its two-hundred day simple moving average is $216.11. Check Point Software Technologies Ltd. has a 12 month low of $169.01 and a 12 month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating 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 net margin of 32.48% and a return on equity of 33.21%. The business’s quarterly 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 earnings per share. 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. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CHKP shares. Mizuho boosted their price objective on Check Point Software Technologies from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, June 16th. Stephens reduced 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 report on Thursday, July 31st. Scotiabank cut their price target on Check Point Software Technologies from $240.00 to $220.00 and set a “sector outperform” rating for the company in a research note on Thursday, July 31st. Barclays set a $215.00 price target on Check Point Software Technologies and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $228.50.

Check Point Software Technologies 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.