Nordea Investment Management AB Has $264.22 Million Stock Position in Check Point Software Technologies Ltd. $CHKP

Nordea Investment Management AB decreased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,203,722 shares of the technology company’s stock after selling 18,577 shares during the quarter. Nordea Investment Management AB owned about 1.09% of Check Point Software Technologies worth $264,217,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ninety One UK Ltd increased its holdings in shares of Check Point Software Technologies by 2.6% during the 2nd quarter. Ninety One UK Ltd now owns 2,592,778 shares of the technology company’s stock worth $573,652,000 after acquiring an additional 64,745 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Check Point Software Technologies by 28.1% during the 1st quarter. Ameriprise Financial Inc. now owns 1,830,874 shares of the technology company’s stock worth $417,280,000 after acquiring an additional 401,150 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Check Point Software Technologies by 2.8% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company’s stock worth $384,591,000 after acquiring an additional 46,713 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Check Point Software Technologies by 43.5% during the 1st 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 worth $338,168,000 after acquiring an additional 450,099 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Check Point Software Technologies by 2,704.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock worth $297,333,000 after acquiring an additional 1,258,034 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $188.36 on Friday. The stock has a fifty day moving average price of $194.58 and a 200-day moving average price of $209.76. The company has a market cap of $20.72 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 2.86 and a beta of 0.60. Check Point Software Technologies Ltd. has a fifty-two week low of $169.01 and a fifty-two week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.01. The firm had revenue of $665.20 million during the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.17 EPS. Check Point Software Technologies has set its FY 2025 guidance at 9.600-10.200 EPS. Q3 2025 guidance at 2.400-2.500 EPS. Research analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CHKP. Citigroup decreased their target price on Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. UBS Group reduced their price target on Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company reduced their price target on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. Jefferies Financial Group reduced their price target on Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $227.00.

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.