10,377 Shares in Check Point Software Technologies Ltd. $CHKP Acquired by Triton Financial Group Inc

Key Points

• Triton Financial Group Inc has acquired 10,377 shares of Check Point Software Technologies Ltd., valued at approximately $2.3 million, making it the firm's 15th largest position.
• Check Point Software has a market cap of $21.24 billion, with a price-to-earnings ratio of 25.15, and its shares traded up 1.3% recently.
• Analyst ratings for Check Point are mixed, with one Strong Buy, ten Buy, and seventeen Hold ratings, and an average price target of $227.00.

Triton Financial Group Inc purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,377 shares of the technology company's stock, valued at approximately $2,296,000. Check Point Software Technologies makes up approximately 1.7% of Triton Financial Group Inc's portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHKP. Wealth Enhancement Advisory Services LLC lifted its position in Check Point Software Technologies by 149.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,827 shares of the technology company's stock worth $2,924,000 after acquiring an additional 7,691 shares in the last quarter. Stonegate Investment Group LLC purchased a new position in Check Point Software Technologies in the first quarter valued at about $274,000. Asset Management One Co. Ltd. boosted its holdings in Check Point Software Technologies by 5.8% in the first quarter. Asset Management One Co. Ltd. now owns 84,257 shares of the technology company's stock valued at $19,204,000 after purchasing an additional 4,614 shares during the last quarter. Daymark Wealth Partners LLC purchased a new position in Check Point Software Technologies in the first quarter valued at about $452,000. Finally, Bessemer Group Inc. boosted its holdings in Check Point Software Technologies by 5,396.1% in the first quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company's stock valued at $150,081,000 after purchasing an additional 646,504 shares during the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHKP has been the subject of a number of analyst reports. 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 report on Thursday, July 31st. Barclays increased their price target on Check Point Software Technologies from $215.00 to $220.00 and gave the company an "equal weight" rating in a report on Tuesday, October 14th. 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 report on Thursday, July 31st. Stephens reduced their price target on Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. Finally, Morgan Stanley reduced 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 report on Tuesday, September 2nd. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $227.00.

Check Point Software Technologies Trading Up 1.3%

Shares of CHKP opened at $193.15 on Tuesday. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.87 and a beta of 0.60. The stock has a 50 day moving average of $194.97 and a 200-day moving average of $209.10. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.36 by $0.01. The company had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The business's revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $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. On average, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

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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