QRG Capital Management Inc. Has $517,000 Holdings in Check Point Software Technologies Ltd. $CHKP

QRG Capital Management Inc. reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,336 shares of the technology company’s stock after selling 106 shares during the quarter. QRG Capital Management Inc.’s holdings in Check Point Software Technologies were worth $517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Horizon Investments LLC grew its holdings in shares of Check Point Software Technologies by 116.4% in the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock worth $36,000 after purchasing an additional 85 shares during the last quarter. Cromwell Holdings LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $37,000. Abound Financial LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $40,000. TruNorth Capital Management LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $45,000. Finally, Summit Securities Group LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $49,000. 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 several analyst reports. Citigroup lowered their target price 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. Stephens cut their price target on shares of Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 31st. UBS Group lowered 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 note on Thursday, July 31st. Jefferies Financial Group lowered their price objective on shares of Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Finally, Barclays set a $215.00 target price on shares of Check Point Software Technologies and gave the stock an “equal weight” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $226.79.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $195.56 on Friday. Check Point Software Technologies Ltd. has a one year low of $169.01 and a one year high of $234.35. The business’s 50 day simple moving average is $194.33 and its 200 day simple moving average is $210.78. The stock has a market capitalization of $21.51 billion, a PE ratio of 25.46, a PEG ratio of 2.98 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $663.10 million. During the same period in the previous year, the firm earned $2.17 earnings per share. The company’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. As a group, research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Check Point Software Technologies Company 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.