Blair William & Co. IL Acquires 1,023 Shares of Check Point Software Technologies Ltd. $CHKP

Blair William & Co. IL boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,759 shares of the technology company’s stock after acquiring an additional 1,023 shares during the quarter. Blair William & Co. IL’s holdings in Check Point Software Technologies were worth $4,814,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new position in Check Point Software Technologies in the 1st quarter worth about $301,000. QRG Capital Management Inc. increased 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 worth $557,000 after acquiring an additional 391 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake 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 worth $899,000 after acquiring an additional 541 shares during the last quarter. Penserra Capital Management LLC increased its stake in Check Point Software Technologies by 5.6% in the 1st quarter. Penserra Capital Management LLC now owns 393,212 shares of the technology company’s stock worth $89,620,000 after acquiring an additional 20,812 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Check Point Software Technologies by 43.5% during 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 valued at $338,168,000 after purchasing an additional 450,099 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $195.56 on Monday. The stock has a market capitalization of $21.51 billion, a PE ratio of 25.46, a P/E/G ratio of 2.94 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. The business has a 50-day moving average of $194.33 and a 200 day moving average of $210.52.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.01. The company had revenue of $665.20 million during the quarter, compared to analysts’ expectations of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.Check Point Software Technologies’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior 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. Analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on CHKP shares. Stephens reduced their price objective on 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. 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, October 6th. Stifel Nicolaus set a $200.00 price objective on Check Point Software Technologies in a research report on Wednesday, July 30th. UBS Group reduced their price objective on Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $226.79.

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.