Check Point Software Technologies (NASDAQ:CHKP) Shares Bought Rep. Thomas H. Kean, Jr.

Key Points

• Representative Thomas H. Kean, Jr. purchased shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) worth between $15,001 and $50,000 on July 29, 2023.
• Check Point reported impressive quarterly earnings with $2.37 earnings per share, exceeding estimates and showing a revenue increase of 6.0% year-over-year.
• Check Point's stock currently has a market cap of $20.72 billion and analysts have varying price targets ranging from $200 to $240, with an average consensus rating of "Hold."

Representative Thomas H. Kean, Jr. (R-New Jersey) recently bought shares of Check Point Software Technologies Ltd. NASDAQ: CHKP. In a filing disclosed on August 20th, the Representative disclosed that they had bought between $15,001 and $50,000 in Check Point Software Technologies stock on July 29th. The trade occurred in the Representative's "KEAN FAMILY PARTNERSHIP" account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Stryker NYSE: SYK on 7/31/2025.
• Sold $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 7/31/2025.
• Sold $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 7/29/2025.
• Purchased $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/21/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 6/30/2025.
• Sold $15,001 - $50,000 in shares of Stryker NYSE: SYK on 6/26/2025.
• Sold $1,001 - $15,000 in shares of WESCO International NYSE: WCC on 6/23/2025.
• Purchased $1,001 - $15,000 in shares of Danaher NYSE: DHR on 6/11/2025.
• Purchased $1,001 - $15,000 in shares of AON NYSE: AON on 5/27/2025.

Check Point Software Technologies Trading Down 0.5%

Shares of CHKP stock opened at $188.41 on Friday. Check Point Software Technologies Ltd. has a 12 month low of $169.01 and a 12 month high of $234.35. The stock has a market cap of $20.72 billion, a P/E ratio of 24.53, a P/E/G ratio of 2.85 and a beta of 0.59. The company has a 50 day simple moving average of $209.07 and a two-hundred day simple moving average of $216.78.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.01. The business had revenue of $665.20 million for the quarter, compared to analysts' expectations of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The company's revenue was up 6.0% compared to the same quarter last year. During the same quarter last 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. As a group, equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Institutional Trading of Check Point Software Technologies

Several hedge funds have recently bought and sold shares of CHKP. Dimensional Fund Advisors LP increased its stake in Check Point Software Technologies by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,712 shares of the technology company's stock worth $2,373,000 after acquiring an additional 103 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Check Point Software Technologies by 903.3% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,919 shares of the technology company's stock valued at $1,665,000 after purchasing an additional 8,030 shares in the last quarter. MetLife Investment Management LLC increased its position in Check Point Software Technologies by 34.6% in the fourth quarter. MetLife Investment Management LLC now owns 10,500 shares of the technology company's stock worth $1,960,000 after purchasing an additional 2,700 shares during the last quarter. MML Investors Services LLC raised its stake in Check Point Software Technologies by 8.3% during the fourth quarter. MML Investors Services LLC now owns 112,106 shares of the technology company's stock valued at $20,930,000 after purchasing an additional 8,599 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in Check Point Software Technologies by 1.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock valued at $578,000 after purchasing an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CHKP shares. Citigroup cut their price target on Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating for the company in a report on Monday. Cantor Fitzgerald set a $220.00 price objective on Check Point Software Technologies and gave the company a "neutral" rating in a research report on Thursday, July 31st. Wedbush reissued an "outperform" rating and issued a $240.00 target price on shares of Check Point Software Technologies in a report on Thursday, April 24th. Stifel Nicolaus set a $200.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, July 30th. Finally, Barclays set a $215.00 price target on shares of Check Point Software Technologies and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. One research 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $228.50.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey's 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey's 7th Congressional District. He declared candidacy for the 2026 election. Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

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.

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