Public Employees Retirement System of Ohio Cuts Stock Position in Check Point Software Technologies Ltd. $CHKP

Public Employees Retirement System of Ohio cut its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,320 shares of the technology company’s stock after selling 23,254 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Check Point Software Technologies were worth $29,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of CHKP. Victory Capital Management Inc. boosted its holdings in Check Point Software Technologies by 2,704.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock valued at $297,333,000 after acquiring an additional 1,258,034 shares during the period. Invesco Ltd. boosted its holdings in Check Point Software Technologies by 737.5% during the 1st quarter. Invesco Ltd. now owns 982,986 shares of the technology company’s stock valued at $224,042,000 after acquiring an additional 865,608 shares during the period. Bessemer Group Inc. boosted its holdings in Check Point Software Technologies by 5,396.1% during the 1st quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company’s stock valued at $150,081,000 after acquiring an additional 646,504 shares during the period. Westfield Capital Management Co. LP boosted its holdings in Check Point Software Technologies by 214.6% during the 1st quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company’s stock valued at $197,086,000 after acquiring an additional 589,816 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Check Point Software Technologies by 43.5% during the 1st 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 acquiring an additional 450,099 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CHKP shares. Morgan Stanley dropped their target price on Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating for the company in a report on Tuesday, September 2nd. Wells Fargo & Company lowered their price target on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a research report 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 report on Thursday, July 31st. Mizuho upped their price target on Check Point Software Technologies from $230.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. Finally, Cantor Fitzgerald set a $220.00 price target on Check Point Software Technologies and gave the company a “neutral” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and an average price target of $227.42.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $203.34 on Thursday. Check Point Software Technologies Ltd. has a 52-week low of $169.01 and a 52-week high of $234.35. The firm has a market capitalization of $22.36 billion, a P/E ratio of 26.48, a P/E/G ratio of 3.03 and a beta of 0.60. The stock has a 50 day moving average price of $196.61 and a 200-day moving average price of $212.74.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The firm had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. During the same quarter in the prior year, the company earned $2.17 EPS. The business’s revenue 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, equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal 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.