Blue Trust Inc. Increases Holdings in Check Point Software Technologies Ltd. $CHKP

Blue Trust Inc. raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 267.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,356 shares of the technology company’s stock after buying an additional 1,715 shares during the period. Blue Trust Inc.’s holdings in Check Point Software Technologies were worth $521,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CHKP. Integrated Advisors Network LLC raised its stake in Check Point Software Technologies by 15.2% during the 1st quarter. Integrated Advisors Network LLC now owns 1,248 shares of the technology company’s stock valued at $284,000 after buying an additional 165 shares during the last quarter. Fifth Third Bancorp raised its stake in Check Point Software Technologies by 96.7% during the 1st quarter. Fifth Third Bancorp now owns 1,064 shares of the technology company’s stock valued at $243,000 after buying an additional 523 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Check Point Software Technologies by 149.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,827 shares of the technology company’s stock valued at $2,924,000 after buying an additional 7,691 shares during the last quarter. Aries Wealth Management raised its stake in Check Point Software Technologies by 21.8% during the 1st quarter. Aries Wealth Management now owns 2,543 shares of the technology company’s stock valued at $580,000 after buying an additional 456 shares during the last quarter. Finally, Optas LLC purchased a new stake in Check Point Software Technologies during the 1st quarter valued at $201,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CHKP shares. Cantor Fitzgerald set a $220.00 price objective on shares of Check Point Software Technologies and gave the company a “neutral” rating in a research report on Thursday, July 31st. 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. Stifel Nicolaus set a $200.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, July 30th. Wells Fargo & Company decreased their target price on shares of Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada decreased their target price on shares of Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seventeen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $226.79.

Check Point Software Technologies Stock Down 1.3%

Shares of CHKP stock opened at $195.56 on Monday. The firm has a market cap of $21.51 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 2.94 and a beta of 0.60. The company’s 50 day moving average is $194.33 and its 200 day moving average is $210.52. Check Point Software Technologies Ltd. has a 52-week low of $169.01 and a 52-week high of $234.35.

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, beating the consensus estimate of $2.36 by $0.01. The company had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. Check Point Software Technologies’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $2.17 earnings per share. 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 fiscal 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.