Bessemer Group Inc. Decreases Stake in Check Point Software Technologies Ltd. $CHKP

Bessemer Group Inc. lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 95.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,523 shares of the technology company’s stock after selling 625,962 shares during the period. Bessemer Group Inc.’s holdings in Check Point Software Technologies were worth $7,196,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Horizon Investments LLC boosted its stake in shares of Check Point Software Technologies by 116.4% during the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock worth $36,000 after acquiring an additional 85 shares in the last quarter. Cromwell Holdings LLC purchased a new stake in Check Point Software Technologies during the first quarter worth $37,000. Abound Financial LLC purchased a new stake in Check Point Software Technologies during the first quarter worth $40,000. TruNorth Capital Management LLC purchased a new stake in Check Point Software Technologies during the first quarter worth $45,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $49,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 6.2%

Shares of Check Point Software Technologies stock opened at $203.56 on Wednesday. The business’s fifty day moving average is $196.02 and its two-hundred day moving average is $208.33. Check Point Software Technologies Ltd. has a fifty-two week low of $169.01 and a fifty-two week high of $234.35. The firm has a market cap of $22.39 billion, a PE ratio of 26.51, a P/E/G ratio of 2.88 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $2.45 by $1.49. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The firm had revenue of $677.50 million for the quarter, compared to the consensus estimate of $673.60 million. During the same period in the prior year, the business posted $2.25 earnings per share. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS. Q4 2025 guidance at 2.700-2.800 EPS. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on CHKP shares. Stifel Nicolaus set a $211.00 price objective on shares of Check Point Software Technologies in a research report on Tuesday. Morgan Stanley reduced their price target on shares of Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 2nd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $220.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, October 22nd. Jefferies Financial Group reduced their target price on Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Finally, Wells Fargo & Company reduced their target price on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating on the stock in a research note 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 data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $227.46.

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.