Legal Advantage Investments Inc. Makes New Investment in Check Point Software Technologies Ltd. $CHKP

Legal Advantage Investments Inc. bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,000 shares of the technology company’s stock, valued at approximately $221,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Parlapiano Turner & Welch LLC grew its holdings in shares of Check Point Software Technologies by 2.8% in the 2nd quarter. Franklin Parlapiano Turner & Welch LLC now owns 34,567 shares of the technology company’s stock valued at $7,648,000 after buying an additional 934 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Check Point Software Technologies by 12.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,106 shares of the technology company’s stock valued at $1,793,000 after buying an additional 908 shares during the period. Concurrent Investment Advisors LLC acquired a new position in shares of Check Point Software Technologies in the 2nd quarter valued at $205,000. Apollon Wealth Management LLC grew its holdings in shares of Check Point Software Technologies by 72.1% in the 2nd quarter. Apollon Wealth Management LLC now owns 1,592 shares of the technology company’s stock valued at $352,000 after buying an additional 667 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its holdings in shares of Check Point Software Technologies by 11.6% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 1,206 shares of the technology company’s stock valued at $267,000 after buying an additional 125 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $195.56 on Friday. The firm has a 50-day moving average of $194.33 and a 200-day moving average of $210.66. Check Point Software Technologies Ltd. has a one year low of $169.01 and a one year 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 2.94 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $663.10 million. During the same period in the prior year, the business posted $2.17 EPS. The company’s quarterly revenue 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, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CHKP. JPMorgan Chase & Co. decreased their price target on shares of Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating for the company in a report on Wednesday, September 24th. Citigroup decreased 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 report on Monday, August 18th. UBS Group reduced their target price on shares of 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. Morgan Stanley reduced their target price on shares of Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 2nd. Finally, Wells Fargo & Company reduced their target price on shares of Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $226.79.

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.