Evergreen Capital Management LLC Has $623,000 Position in Check Point Software Technologies Ltd. $CHKP

Evergreen Capital Management LLC reduced its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 88.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,733 shares of the technology company’s stock after selling 21,478 shares during the period. Evergreen Capital Management LLC’s holdings in Check Point Software Technologies were worth $623,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Lansforsakringar Fondforvaltning AB publ grew its holdings in Check Point Software Technologies by 1.0% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 20,316 shares of the technology company’s stock worth $4,630,000 after acquiring an additional 198 shares during the period. BNP Paribas Financial Markets grew its holdings in Check Point Software Technologies by 42.2% during the 1st quarter. BNP Paribas Financial Markets now owns 179,309 shares of the technology company’s stock worth $40,868,000 after acquiring an additional 53,204 shares during the period. Earnest Partners LLC grew its holdings in Check Point Software Technologies by 3.1% during the 1st quarter. Earnest Partners LLC now owns 688,715 shares of the technology company’s stock worth $156,972,000 after acquiring an additional 20,851 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in Check Point Software Technologies during the 1st quarter worth about $184,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Check Point Software Technologies during the 1st quarter worth about $106,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of research analyst reports. Mizuho increased their price objective on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, June 16th. Citigroup reduced their target price on Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating for the company in a research note on Monday, August 18th. Jefferies Financial Group reduced their target price on Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Wall Street Zen upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Finally, Scotiabank reduced their target price 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $228.50.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $193.14 on Monday. Check Point Software Technologies Ltd. has a fifty-two week low of $169.01 and a fifty-two week high of $234.35. The stock has a market cap of $21.24 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.90 and a beta of 0.60. The firm’s 50-day simple moving average is $205.60 and its 200 day simple moving average is $215.72.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $663.10 million. During the same quarter last year, the firm earned $2.17 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. 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. On average, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

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.