Interval Partners LP Purchases Shares of 2,027 Check Point Software Technologies Ltd. $CHKP

Key Points

• Interval Partners LP has acquired a new position in Check Point Software Technologies, purchasing 2,027 shares valued at approximately $462,000.
• Check Point reported a 6.0% increase in revenue year-over-year for the latest quarter, with earnings per share of $2.37, slightly exceeding expectations.
• Analysts have set varied price targets for the stock, with an average consensus target of $227.58, reflecting a range of opinions on its future performance.

Interval Partners LP acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,027 shares of the technology company's stock, valued at approximately $462,000.

A number of other hedge funds have also recently bought and sold shares of CHKP. Victory Capital Management Inc. grew its stake in 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 valued at $297,333,000 after purchasing an additional 1,258,034 shares in the last quarter. Invesco Ltd. grew its stake in Check Point Software Technologies by 737.5% during the 1st quarter. Invesco Ltd. now owns 982,986 shares of the technology company's stock valued at $224,042,000 after purchasing an additional 865,608 shares in the last quarter. Bessemer Group Inc. grew its stake in Check Point Software Technologies by 5,396.1% during the 1st 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 in the last quarter. Westfield Capital Management Co. LP grew its stake in Check Point Software Technologies by 214.6% during the 1st quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company's stock valued at $197,086,000 after purchasing an additional 589,816 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Check Point Software Technologies by 182.0% during the 1st quarter. Bank of New York Mellon Corp now owns 627,489 shares of the technology company's stock valued at $143,017,000 after purchasing an additional 404,958 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Trading Down 1.2%

CHKP traded down $2.32 during trading hours on Wednesday, hitting $194.24. The company's stock had a trading volume of 367,195 shares, compared to its average volume of 917,223. Check Point Software Technologies Ltd. has a fifty-two week low of $169.01 and a fifty-two week high of $234.35. The firm has a market capitalization of $21.36 billion, a PE ratio of 25.29, a PEG ratio of 2.96 and a beta of 0.60. The company has a 50-day simple moving average of $201.85 and a 200 day simple moving average of $214.43.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its 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 firm had revenue of $665.20 million for the quarter, compared to analysts' expectations of $663.10 million. During the same period last year, the firm earned $2.17 EPS. The firm's revenue was up 6.0% compared to the same quarter last year. 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 expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHKP has been the subject of several research reports. Scotiabank decreased their target price on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a research report on Thursday, July 31st. Mizuho lifted their target price on Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Wells Fargo & Company decreased their target price on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Stephens decreased their target price on Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating for the company in a research report on Thursday, July 31st. Finally, Barclays set a $215.00 target price on Check Point Software Technologies and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $227.58.

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.