Check Point Software Technologies Ltd. $CHKP Shares Sold by Forbes J M & Co. LLP

Forbes J M & Co. LLP cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 29.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,005 shares of the technology company’s stock after selling 415 shares during the quarter. Forbes J M & Co. LLP’s holdings in Check Point Software Technologies were worth $222,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Horizon Investments LLC lifted its holdings in Check Point Software Technologies by 116.4% during the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock worth $36,000 after buying an additional 85 shares in the last quarter. Cromwell Holdings LLC acquired a new stake in Check Point Software Technologies during the 1st quarter worth approximately $37,000. Abound Financial LLC acquired a new stake in Check Point Software Technologies during the 1st quarter worth approximately $40,000. TruNorth Capital Management LLC acquired a new stake in Check Point Software Technologies during the 1st quarter worth approximately $45,000. Finally, Summit Securities Group LLC acquired a new stake in Check Point Software Technologies during the 1st quarter worth approximately $49,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $206.91 on Wednesday. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35. The company has a market capitalization of $22.76 billion, a P/E ratio of 26.94, a PEG ratio of 3.10 and a beta of 0.60. The company’s fifty day moving average is $195.46 and its two-hundred day moving average is $212.24.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data 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 net margin of 32.48% and a return on equity of 33.21%. The company had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. During the same period last year, the firm posted $2.17 EPS. Check Point Software Technologies’s revenue for the quarter 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 year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on CHKP shares. Stifel Nicolaus set a $200.00 target price on shares of Check Point Software Technologies in a report on Wednesday, July 30th. Mizuho raised their price objective on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, June 16th. Citigroup reduced their price objective on shares of Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. UBS Group reduced their price objective on shares of Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Finally, Barclays set a $215.00 price objective on shares of Check Point Software Technologies and gave the company an “equal weight” rating in a report 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $227.42.

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.