Chevy Chase Trust Holdings LLC Boosts Stock Position in Check Point Software Technologies Ltd. $CHKP

Chevy Chase Trust Holdings LLC grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,280 shares of the technology company’s stock after buying an additional 334 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Check Point Software Technologies were worth $5,151,000 as of its most recent SEC filing.

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

Check Point Software Technologies Stock Up 1.3%

Shares of Check Point Software Technologies stock opened at $193.15 on Tuesday. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The business’s fifty day simple moving average is $194.97 and its 200-day simple moving average is $209.10. The firm has a market cap of $21.24 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 2.87 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The business had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. During the same quarter in the prior year, the company posted $2.17 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. 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. As a group, equities analysts expect 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 several research reports. Jefferies Financial Group dropped 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 report on Thursday, July 31st. Morgan Stanley dropped their price target on Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 2nd. Stifel Nicolaus set a $200.00 price target on Check Point Software Technologies in a research report on Wednesday, July 30th. Stephens lowered their price objective on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 31st. Finally, Wells Fargo & Company lowered their price objective on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating on the stock in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $227.00.

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.