M3 Advisory Group LLC Trims Stock Position in Check Point Software Technologies Ltd. $CHKP

M3 Advisory Group LLC decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,128 shares of the technology company’s stock after selling 97 shares during the quarter. M3 Advisory Group LLC’s holdings in Check Point Software Technologies were worth $250,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHKP. Victory Capital Management Inc. lifted its holdings 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 valued at $297,333,000 after purchasing an additional 1,258,034 shares during the last quarter. Invesco Ltd. increased its position in Check Point Software Technologies by 737.5% during the first quarter. Invesco Ltd. now owns 982,986 shares of the technology company’s stock worth $224,042,000 after buying an additional 865,608 shares during the period. Bessemer Group Inc. lifted its stake in Check Point Software Technologies by 5,396.1% in the first quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company’s stock valued at $150,081,000 after buying an additional 646,504 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Check Point Software Technologies by 214.6% in the first quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company’s stock valued at $197,086,000 after acquiring an additional 589,816 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Check Point Software Technologies by 43.5% in the first 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 acquiring an additional 450,099 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Trading Down 1.3%

NASDAQ CHKP opened at $195.56 on Monday. The stock has a market capitalization 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 business’s 50 day moving average is $194.33 and its two-hundred day moving average is $210.52. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $663.10 million. During the same period in the previous year, the business earned $2.17 earnings per share. The company’s revenue for the quarter 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. Equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CHKP shares. Scotiabank set a $205.00 target price on shares of Check Point Software Technologies and gave the company a “sector perform” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Check Point Software Technologies in a report on Wednesday, October 8th. Cantor Fitzgerald set a $220.00 price objective on Check Point Software Technologies and gave the company a “neutral” rating in a research note on Thursday, July 31st. Barclays set a $215.00 target price on Check Point Software Technologies and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Finally, UBS Group cut their price target 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. One equities research 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 company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $226.79.

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.