Check Point Software Technologies Ltd. $CHKP Shares Bought by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 47,800.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 479 shares of the technology company’s stock after buying an additional 478 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in Check Point Software Technologies were worth $106,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Horizon Investments LLC lifted its stake in Check Point Software Technologies by 116.4% during the first quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after buying an additional 85 shares in the last quarter. Cromwell Holdings LLC purchased a new stake in Check Point Software Technologies during the first quarter valued at about $37,000. Abound Financial LLC purchased a new stake in Check Point Software Technologies during the first quarter valued at about $40,000. TruNorth Capital Management LLC purchased a new stake in Check Point Software Technologies during the first quarter valued at about $45,000. Finally, Summit Securities Group LLC purchased a new stake in Check Point Software Technologies during the first quarter valued at about $49,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHKP has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. Royal Bank Of Canada reduced their price objective on shares of Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating for the company in a research note on Thursday, July 31st. Barclays upped their price objective on shares of Check Point Software Technologies from $215.00 to $220.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Check Point Software Technologies in a report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $200.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $227.00.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $192.00 on Friday. The company has a 50 day simple moving average of $195.65 and a 200-day simple moving average of $208.66. The firm has a market capitalization of $21.12 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 2.91 and a beta of 0.60. 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 posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $663.10 million. During the same period in the prior year, the firm earned $2.17 earnings per share. The firm’s revenue 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. On average, analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS 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.