Optivise Advisory Services LLC Invests $209,000 in Check Point Software Technologies Ltd. $CHKP

Optivise Advisory Services LLC acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 944 shares of the technology company’s stock, valued at approximately $209,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. grew its position in shares of Check Point Software Technologies by 233.3% in the second quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the technology company’s stock valued at $4,646,000 after purchasing an additional 14,700 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Check Point Software Technologies by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 638,725 shares of the technology company’s stock worth $141,318,000 after purchasing an additional 11,236 shares during the last quarter. Creekmur Asset Management LLC lifted its stake in Check Point Software Technologies by 30.2% in the 2nd quarter. Creekmur Asset Management LLC now owns 1,558 shares of the technology company’s stock valued at $345,000 after buying an additional 361 shares in the last quarter. AdvisorShares Investments LLC grew its holdings in Check Point Software Technologies by 18.9% during the 2nd quarter. AdvisorShares Investments LLC now owns 4,673 shares of the technology company’s stock valued at $1,034,000 after buying an additional 744 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new position in Check Point Software Technologies during the second quarter worth $231,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Citigroup restated a “sector perform” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Morgan Stanley set a $212.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 29th. Mizuho set a $225.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 29th. JPMorgan Chase & Co. cut their price objective on shares of Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating for the company in a research report on Wednesday, September 24th. Finally, Royal Bank Of Canada upped their price objective on shares of Check Point Software Technologies from $207.00 to $215.00 and gave the company a “sector perform” 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $230.48.

Check Point Software Technologies Price Performance

CHKP opened at $191.76 on Wednesday. Check Point Software Technologies Ltd. has a 12 month low of $169.56 and a 12 month high of $234.35. The business has a 50-day moving average of $196.73 and a two-hundred day moving average of $207.48. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.97 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $673.60 million. During the same period last year, the company earned $2.25 earnings per share. The company’s quarterly 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. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current 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.