Aviva PLC Boosts Stake in Check Point Software Technologies Ltd. $CHKP

Aviva PLC increased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 70.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,602 shares of the technology company’s stock after buying an additional 2,309 shares during the period. Aviva PLC’s holdings in Check Point Software Technologies were worth $1,239,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CHKP. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Check Point Software Technologies by 43.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company’s stock valued at $338,168,000 after purchasing an additional 450,099 shares in the last quarter. Nuveen LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $88,286,000. National Pension Service raised its position in shares of Check Point Software Technologies by 49.2% during the 1st quarter. National Pension Service now owns 393,586 shares of the technology company’s stock valued at $89,706,000 after buying an additional 129,829 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Check Point Software Technologies by 16.8% in the 1st quarter. Mackenzie Financial Corp now owns 24,208 shares of the technology company’s stock valued at $5,517,000 after acquiring an additional 3,478 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Check Point Software Technologies by 42.2% in the first quarter. BNP Paribas Financial Markets now owns 179,309 shares of the technology company’s stock worth $40,868,000 after acquiring an additional 53,204 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 1.0%

CHKP opened at $202.31 on Thursday. The stock’s fifty day moving average is $197.75 and its two-hundred day moving average is $207.16. The company has a market capitalization of $22.25 billion, a P/E ratio of 22.16, 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 posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. The business had revenue of $677.50 million for the quarter, compared to the consensus estimate of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.25 EPS. 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 anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analysts Set New Price Targets

CHKP has been the subject of a number of recent research reports. Jefferies Financial Group dropped their target price on Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Scotiabank lifted their price objective on shares of Check Point Software Technologies from $205.00 to $210.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. cut their price objective on shares of Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 24th. Morgan Stanley set a $212.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 29th. Finally, UBS Group lifted 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $230.48.

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.