Ativo Capital Management LLC Has $8.34 Million Position in Check Point Software Technologies Ltd. $CHKP

Ativo Capital Management LLC cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 12.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,695 shares of the technology company’s stock after selling 5,595 shares during the period. Check Point Software Technologies accounts for about 7.5% of Ativo Capital Management LLC’s investment portfolio, making the stock its biggest position. Ativo Capital Management LLC’s holdings in Check Point Software Technologies were worth $8,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Horizon Investments LLC raised its position in 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 during the first quarter worth $37,000. Abound Financial LLC bought a new stake in shares of Check Point Software Technologies during the first quarter worth $40,000. TruNorth Capital Management LLC bought a new stake in shares of Check Point Software Technologies during the first quarter worth $45,000. Finally, Summit Securities Group LLC bought a new stake in shares of Check Point Software Technologies during the first quarter worth $49,000. Institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Jefferies Financial Group dropped their price objective on Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Morgan Stanley dropped their price target 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. Cantor Fitzgerald set a $220.00 price target on shares of Check Point Software Technologies and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Wells Fargo & Company dropped 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 report on Thursday, July 31st. Finally, Barclays set a $215.00 target price on shares of Check Point Software Technologies and gave the company an “equal weight” rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seventeen have assigned a Hold rating to the stock. According to MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $226.79.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $194.85 on Tuesday. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The company has a market capitalization of $21.43 billion, a PE ratio of 25.37, a PEG ratio of 2.94 and a beta of 0.60. The company has a 50 day moving average price of $194.37 and a two-hundred day moving average price of $210.28.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating 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 business had revenue of $665.20 million during the quarter, compared to analysts’ expectations of $663.10 million. During the same quarter in the prior year, the company earned $2.17 EPS. The firm’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. On average, sell-side analysts forecast 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.