Daymark Wealth Partners LLC Grows Stock Position in Check Point Software Technologies Ltd. $CHKP

Daymark Wealth Partners LLC boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 230.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,557 shares of the technology company’s stock after buying an additional 4,574 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Check Point Software Technologies were worth $1,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Morgan Stanley set a $212.00 price target on Check Point Software Technologies in a report on Wednesday. Stephens cut 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. BMO Capital Markets raised their price target on Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday. UBS Group raised their price target on Check Point Software Technologies from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Mizuho set a $225.00 price target on Check Point Software Technologies in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $230.48.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $197.28 on Thursday. The firm has a market capitalization of $21.70 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 3.06 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. The stock has a fifty day moving average of $196.18 and a 200 day moving average of $208.18.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $1.49. The company had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. Check Point Software Technologies had a return on equity of 38.89% and a net margin of 37.62%.The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the company earned $2.25 earnings per share. 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 analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal 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.