Ameriprise Financial Inc. Purchases 401,150 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Ameriprise Financial Inc. has increased its holdings in Check Point Software Technologies Ltd. by 28.1%, now owning approximately $417.28 million in shares.
• Check Point reported an earnings per share of $2.37 for the last quarter, surpassing analyst estimates, with revenues showing a year-over-year increase of 6.0%.
• Analysts have reduced target prices for Check Point shares, with an average target of $228.50 and a consensus rating of "Hold" based on the latest evaluations.

Ameriprise Financial Inc. lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 28.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,830,874 shares of the technology company's stock after buying an additional 401,150 shares during the period. Ameriprise Financial Inc. owned approximately 1.66% of Check Point Software Technologies worth $417,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in CHKP. Martin Investment Management LLC increased its holdings in shares of Check Point Software Technologies by 2.2% during the first quarter. Martin Investment Management LLC now owns 160,042 shares of the technology company's stock worth $36,477,000 after buying an additional 3,490 shares in the last quarter. Atika Capital Management LLC acquired a new stake in Check Point Software Technologies in the first quarter valued at $4,558,000. Venture Visionary Partners LLC acquired a new stake in Check Point Software Technologies in the first quarter valued at $207,000. Berkshire Asset Management LLC PA acquired a new stake in Check Point Software Technologies in the first quarter valued at $213,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in Check Point Software Technologies by 29.2% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 11,523 shares of the technology company's stock worth $2,626,000 after acquiring an additional 2,604 shares during the period. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Up 1.3%

NASDAQ CHKP traded up $2.36 during trading hours on Wednesday, hitting $189.98. The company's stock had a trading volume of 169,269 shares, compared to its average volume of 928,137. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The company has a market capitalization of $20.89 billion, a PE ratio of 24.73, a price-to-earnings-growth ratio of 2.82 and a beta of 0.59. The company's 50-day simple moving average is $207.20 and its two-hundred day simple moving average is $216.29.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced 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 business had revenue of $665.20 million for the quarter, compared to analysts' expectations of $663.10 million. During the same quarter last year, the firm earned $2.17 EPS. The firm's revenue for the quarter 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 anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Wells Fargo & Company decreased their price target on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Jefferies Financial Group decreased 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. Scotiabank decreased their price target on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a report on Thursday, July 31st. Morgan Stanley decreased their price target on Check Point Software Technologies from $230.00 to $215.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. Finally, Royal Bank Of Canada decreased their price target on Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating for the company in a 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 issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $228.50.

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.