Adage Capital Partners GP L.L.C. Takes Position in Check Point Software Technologies Ltd. $CHKP

Key Points

• Adage Capital Partners GP L.L.C. has acquired 80,000 shares of Check Point Software Technologies, valued at approximately $18.2 million, increasing its stake to about 0.07% in the company.
• Multiple hedge funds, including Ameriprise Financial and Invesco, have also significantly increased their holdings in Check Point Software, indicating growing institutional interest in the stock.
• Check Point reported a quarterly EPS of $2.37, slightly above analysts' expectations, and guided for FY 2025 EPS in the range of $9.600 to $10.200.

Adage Capital Partners GP L.L.C. acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,000 shares of the technology company's stock, valued at approximately $18,234,000. Adage Capital Partners GP L.L.C. owned about 0.07% of Check Point Software Technologies at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Capital A Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $29,000. Horizon Investments LLC lifted its position in 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 acquiring an additional 85 shares in the last quarter. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at about $37,000. Abound Financial LLC bought a new stake in Check Point Software Technologies during the 1st quarter worth approximately $40,000. Finally, Menard Financial Group LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter worth approximately $41,000. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP traded up $2.30 during trading on Thursday, reaching $196.54. The company's stock had a trading volume of 382,021 shares, compared to its average volume of 703,601. The firm has a market cap of $21.62 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.92 and a beta of 0.60. Check Point Software Technologies Ltd. has a 12 month low of $169.01 and a 12 month high of $234.35. The firm has a 50 day moving average of $200.81 and a 200-day moving average of $214.16.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The company had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. During the same quarter in the prior year, the business earned $2.17 earnings per share. The firm's revenue for the quarter 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. Equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Cantor Fitzgerald set a $220.00 target price on Check Point Software Technologies and gave the company a "neutral" rating in a research report on Thursday, July 31st. Royal Bank Of Canada dropped their price objective on Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 31st. Stephens reduced their target price on shares of Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. Mizuho increased their target price on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Finally, 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 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 issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $227.58.

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.