Ameritas Advisory Services LLC Makes New Investment in Check Point Software Technologies Ltd. $CHKP

Ameritas Advisory Services LLC bought a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 425 shares of the technology company’s stock, valued at approximately $94,000.

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

Wall Street Analysts Forecast Growth

CHKP has been the subject of several research reports. Jefferies Financial Group decreased 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 report on Thursday, July 31st. Wells Fargo & Company decreased their target price 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. UBS Group decreased their target price on Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Mizuho raised their price objective 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, Scotiabank set a $205.00 price objective on Check Point Software Technologies and gave the company a “sector perform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $226.79.

Check Point Software Technologies Trading Down 1.3%

Shares of CHKP opened at $195.56 on Friday. The business’s fifty day simple moving average is $194.33 and its two-hundred day simple moving average is $210.78. Check Point Software Technologies Ltd. has a 12 month low of $169.01 and a 12 month high of $234.35. The company has a market cap of $21.51 billion, a price-to-earnings ratio of 25.46, a P/E/G ratio of 2.98 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.01. The firm had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the business posted $2.17 EPS. 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, research analysts forecast 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.