Evergreen Private Wealth LLC Sells 983 Shares of Check Point Software Technologies Ltd. $CHKP

Evergreen Private Wealth LLC lessened its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.3% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 41,444 shares of the technology company’s stock after selling 983 shares during the quarter. Check Point Software Technologies comprises about 3.8% of Evergreen Private Wealth LLC’s portfolio, making the stock its 2nd largest holding. Evergreen Private Wealth LLC’s holdings in Check Point Software Technologies were worth $9,170,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Assenagon Asset Management S.A. lifted its position in Check Point Software Technologies by 184.4% during the first quarter. Assenagon Asset Management S.A. now owns 57,690 shares of the technology company’s stock worth $13,149,000 after acquiring an additional 37,407 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Check Point Software Technologies during the 1st quarter worth approximately $301,000. QRG Capital Management Inc. boosted its stake in Check Point Software Technologies by 19.1% in the 1st quarter. QRG Capital Management Inc. now owns 2,442 shares of the technology company’s stock valued at $557,000 after purchasing an additional 391 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Check Point Software Technologies by 15.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,937 shares of the technology company’s stock valued at $899,000 after buying an additional 541 shares in the last quarter. Finally, Penserra Capital Management LLC increased its position in Check Point Software Technologies by 5.6% during the 1st quarter. Penserra Capital Management LLC now owns 393,212 shares of the technology company’s stock worth $89,620,000 after buying an additional 20,812 shares during the period. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 0.1%

NASDAQ CHKP opened at $203.62 on Friday. The firm’s 50 day simple moving average is $196.33 and its 200 day simple moving average is $212.59. The firm has a market capitalization of $22.39 billion, a price-to-earnings ratio of 26.51, a P/E/G ratio of 3.06 and a beta of 0.60. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.36 by $0.01. The business had revenue of $665.20 million during the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on CHKP shares. Scotiabank decreased their price target on shares of Check Point Software Technologies from $240.00 to $220.00 and set a “sector outperform” rating on the stock in a research note on Thursday, July 31st. Cantor Fitzgerald set a $220.00 target price on shares of Check Point Software Technologies and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Citigroup dropped their price target on shares of Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. Stifel Nicolaus set a $200.00 price target on Check Point Software Technologies in a research note on Wednesday, July 30th. Finally, Morgan Stanley lowered their price objective on Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 2nd. One research 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $227.42.

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.