Check Point Software Technologies Ltd. $CHKP Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 21.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 678,958 shares of the technology company’s stock after selling 185,759 shares during the period. Westfield Capital Management Co. LP’s holdings in Check Point Software Technologies were worth $150,219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHKP. Legacy Investment Solutions LLC purchased a new position in Check Point Software Technologies during the second quarter worth about $25,000. Horizon Investments LLC boosted its position 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 purchasing an additional 85 shares during the period. Summit Securities Group LLC acquired a new stake in Check Point Software Technologies in the 1st quarter valued at approximately $49,000. Costello Asset Management INC purchased a new stake in Check Point Software Technologies in the first quarter valued at approximately $62,000. Finally, IMA Advisory Services Inc. acquired a new position in Check Point Software Technologies during the first quarter worth $62,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 2.7%

NASDAQ CHKP opened at $185.64 on Thursday. Check Point Software Technologies Ltd. has a 52 week low of $173.60 and a 52 week high of $234.35. The firm has a 50 day moving average of $197.61 and a two-hundred day moving average of $206.36. The stock has a market capitalization of $20.42 billion, a PE ratio of 20.33, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $1.49. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The business had revenue of $677.50 million during the quarter, compared to analysts’ expectations of $673.60 million. During the same period in the previous year, the company earned $2.25 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. 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. On average, equities research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CHKP shares. Jefferies Financial Group cut their price objective on Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $220.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 22nd. UBS Group increased 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 report on Wednesday, October 29th. Barclays upped their target price on shares of Check Point Software Technologies from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Mizuho set a $225.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $230.48.

About Check Point Software Technologies

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.