Prime Capital Investment Advisors LLC Has $1.39 Million Stock Holdings in Check Point Software Technologies Ltd. $CHKP

Prime Capital Investment Advisors LLC decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 13.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,301 shares of the technology company’s stock after selling 1,011 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CHKP. Victory Capital Management Inc. boosted its position in Check Point Software Technologies by 2,704.5% in the first quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock valued at $297,333,000 after buying an additional 1,258,034 shares in the last quarter. Invesco Ltd. boosted its position in Check Point Software Technologies by 737.5% in the first quarter. Invesco Ltd. now owns 982,986 shares of the technology company’s stock valued at $224,042,000 after buying an additional 865,608 shares in the last quarter. Bessemer Group Inc. boosted its position in Check Point Software Technologies by 5,396.1% in the first quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company’s stock valued at $150,081,000 after buying an additional 646,504 shares in the last quarter. Westfield Capital Management Co. LP boosted its position in Check Point Software Technologies by 214.6% in the first quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company’s stock valued at $197,086,000 after buying an additional 589,816 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Check Point Software Technologies by 43.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company’s stock valued at $338,168,000 after buying an additional 450,099 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CHKP shares. Citigroup cut their target price on shares of 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. Morgan Stanley cut their price target on shares of Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 2nd. Barclays set a $215.00 price target on shares of Check Point Software Technologies and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Scotiabank set a $205.00 price target on shares of Check Point Software Technologies and gave the stock a “sector perform” rating in a report on Monday. Finally, Wells Fargo & Company cut their price target on shares of Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating on the stock in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $226.79.

Check Point Software Technologies Stock Up 0.3%

Shares of NASDAQ CHKP opened at $201.00 on Thursday. Check Point Software Technologies Ltd. has a twelve month low of $169.01 and a twelve month high of $234.35. The firm has a fifty day simple moving average of $193.95 and a 200 day simple moving average of $211.23. The company has a market capitalization of $22.11 billion, a PE ratio of 26.17, a P/E/G ratio of 3.02 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last announced its 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. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business had revenue of $665.20 million during the quarter, compared to the consensus estimate of $663.10 million. During the same quarter last year, the firm earned $2.17 earnings per share. Check Point Software Technologies’s quarterly revenue was up 6.0% on a year-over-year basis. 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, equities analysts expect 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.