Aberdeen Group plc Buys 22,455 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Aberdeen Group plc increased its stake in Check Point Software Technologies Ltd. by 144.4%, owning 38,002 shares valued at approximately $8.66 million at the end of the recent reporting period.
• Check Point Software Technologies reported $2.37 EPS for their latest quarter, exceeding the consensus estimate by $0.01, with quarterly revenue increasing 6.0% year-over-year.
• Several brokerages have recently adjusted their price targets for Check Point, with average targets ranging from $215.00 to $260.00, indicating a generally favorable outlook from analysts.

Aberdeen Group plc raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 144.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 38,002 shares of the technology company's stock after acquiring an additional 22,455 shares during the quarter. Aberdeen Group plc's holdings in Check Point Software Technologies were worth $8,661,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Capital A Wealth Management LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $29,000. Horizon Investments LLC grew its position in shares of Check Point Software Technologies by 116.4% in the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock valued at $36,000 after buying an additional 85 shares during the last quarter. Cromwell Holdings LLC acquired a new stake in shares of Check Point Software Technologies in the first quarter valued at about $37,000. Quarry LP raised its position in shares of Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after acquiring an additional 103 shares during the last quarter. Finally, Abound Financial LLC acquired a new position in shares of Check Point Software Technologies in the first quarter worth approximately $40,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on CHKP shares. Wells Fargo & Company decreased their target price on shares of 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. Stifel Nicolaus set a $200.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, July 30th. Morgan Stanley dropped their target price on shares of Check Point Software Technologies from $230.00 to $215.00 and set an "equal weight" rating on the stock in a report on Thursday, July 31st. Jefferies Financial Group cut their price target on shares of Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Finally, Scotiabank lowered their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $228.50.

Check Point Software Technologies Stock Down 1.4%

CHKP stock traded down $2.70 during midday trading on Monday, reaching $187.72. 662,966 shares of the company's stock traded hands, compared to its average volume of 1,289,925. The company has a market cap of $20.65 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 2.86 and a beta of 0.59. The firm's fifty day moving average price is $207.83 and its 200-day moving average price is $216.49. 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 released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $2.17 earnings per share. 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. Analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Check Point Software Technologies 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.