Cypress Wealth Services LLC Has $227,000 Stake in Check Point Software Technologies Ltd. $CHKP

Cypress Wealth Services LLC trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 23.2% during the second quarter, Holdings Channel.com reports. The firm owned 1,026 shares of the technology company’s stock after selling 310 shares during the period. Cypress Wealth Services LLC’s holdings in Check Point Software Technologies were worth $227,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Fulton Bank N.A. raised its position in shares of Check Point Software Technologies by 3.2% during the second quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company’s stock worth $330,000 after purchasing an additional 46 shares during the period. Larson Financial Group LLC raised its position in shares of Check Point Software Technologies by 23.2% during the first quarter. Larson Financial Group LLC now owns 260 shares of the technology company’s stock worth $59,000 after purchasing an additional 49 shares during the period. Sterling Investment Advisors Ltd. raised its position in shares of Check Point Software Technologies by 2.6% during the second quarter. Sterling Investment Advisors Ltd. now owns 1,970 shares of the technology company’s stock worth $436,000 after purchasing an additional 50 shares during the period. Aaron Wealth Advisors LLC raised its position in shares of Check Point Software Technologies by 5.2% during the second quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company’s stock worth $244,000 after purchasing an additional 55 shares during the period. Finally, Contravisory Investment Management Inc. raised its position in shares of Check Point Software Technologies by 1.2% during the second quarter. Contravisory Investment Management Inc. now owns 4,693 shares of the technology company’s stock worth $1,038,000 after purchasing an additional 55 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CHKP shares. Barclays upped their target price on Check Point Software Technologies from $215.00 to $220.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Wells Fargo & Company decreased their price target on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Check Point Software Technologies in a report on Wednesday, October 8th. Stephens decreased their price target on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating for the company in a report on Thursday, July 31st. Finally, Stifel Nicolaus set a $200.00 price target on Check Point Software Technologies in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $227.00.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $194.08 on Wednesday. The company has a market capitalization of $21.34 billion, a PE ratio of 25.27, a price-to-earnings-growth ratio of 2.93 and a beta of 0.60. The business has a fifty day moving average price of $194.47 and a two-hundred day moving average price of $210.17. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35.

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