S&T Bank PA Sells 1,453 Shares of Check Point Software Technologies Ltd. $CHKP

S&T Bank PA reduced its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 23,042 shares of the technology company’s stock after selling 1,453 shares during the quarter. Check Point Software Technologies accounts for about 1.5% of S&T Bank PA’s investment portfolio, making the stock its 29th largest holding. S&T Bank PA’s holdings in Check Point Software Technologies were worth $5,098,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CHKP. Suncoast Equity Management raised its holdings in Check Point Software Technologies by 3.2% in the second quarter. Suncoast Equity Management now owns 6,525 shares of the technology company’s stock worth $1,444,000 after purchasing an additional 200 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new position in Check Point Software Technologies during the 2nd quarter valued at about $7,845,000. First Horizon Advisors Inc. boosted its stake in Check Point Software Technologies by 77.4% during the second quarter. First Horizon Advisors Inc. now owns 472 shares of the technology company’s stock worth $104,000 after acquiring an additional 206 shares in the last quarter. Main Street Research LLC purchased a new stake in Check Point Software Technologies in the second quarter worth about $30,258,000. Finally, Huntington National Bank increased its stake in shares of Check Point Software Technologies by 1.5% during the second quarter. Huntington National Bank now owns 8,552 shares of the technology company’s stock valued at $1,892,000 after purchasing an additional 130 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $196.52 on Friday. The firm’s 50 day moving average price is $196.93 and its two-hundred day moving average price is $207.32. The stock has a market cap of $21.61 billion, a PE ratio of 21.52, a PEG ratio of 2.97 and a beta of 0.58. Check Point Software Technologies Ltd. has a 52-week low of $170.99 and a 52-week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. The business had revenue of $677.50 million during the quarter, compared to analysts’ expectations of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHKP has been the topic of several analyst reports. Weiss Ratings raised Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, October 30th. UBS Group upped their price target on shares of Check Point Software Technologies from $210.00 to $215.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Stifel Nicolaus set a $211.00 price objective on shares of Check Point Software Technologies in a research report on Tuesday, October 28th. Barclays raised their price objective on shares of Check Point Software Technologies from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Cantor Fitzgerald reiterated 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $230.48.

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.