Check Point Software Technologies Ltd. $CHKP Stock Holdings Lessened by APG Asset Management N.V.

Key Points

• APG Asset Management N.V. has reduced its stake in Check Point Software Technologies by 9.6%, selling 16,595 shares during Q1, resulting in a total ownership of 156,708 shares valued at approximately $33.07 million.
• Recent analyst ratings have mixed opinions on Check Point, with Mizuho increasing its target price to $240.00 while Wells Fargo lowered theirs to $225.00; the average price target now stands at $228.50.
• Check Point Software Technologies reported a 6.0% increase in revenue year-over-year with earnings per share of $2.37, slightly exceeding analysts' expectations of $2.36.

APG Asset Management N.V. decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 9.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 156,708 shares of the technology company's stock after selling 16,595 shares during the period. APG Asset Management N.V. owned about 0.14% of Check Point Software Technologies worth $33,065,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in Check Point Software Technologies by 184.4% during the first quarter. Assenagon Asset Management S.A. now owns 57,690 shares of the technology company's stock valued at $13,149,000 after purchasing an additional 37,407 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Check Point Software Technologies during the first quarter valued at $301,000. QRG Capital Management Inc. increased its stake in Check Point Software Technologies by 19.1% during the first quarter. QRG Capital Management Inc. now owns 2,442 shares of the technology company's stock valued at $557,000 after purchasing an additional 391 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Check Point Software Technologies by 15.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,937 shares of the technology company's stock valued at $899,000 after purchasing an additional 541 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in Check Point Software Technologies by 5.6% during the first quarter. Penserra Capital Management LLC now owns 393,212 shares of the technology company's stock valued at $89,620,000 after purchasing an additional 20,812 shares during the last quarter. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP traded up $0.59 during trading hours on Thursday, hitting $191.26. 503,207 shares of the company's stock traded hands, compared to its average volume of 927,863. 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 cap of $21.03 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 2.82 and a beta of 0.59. The company's fifty day simple moving average is $206.65 and its two-hundred day simple moving average is $216.11.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating analysts' consensus estimates 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 period in the prior year, the firm earned $2.17 earnings per share. The business's quarterly revenue 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. On average, analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Ratings Changes

CHKP has been the subject of several recent research reports. Stifel Nicolaus set a $200.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, July 30th. Citigroup lowered their price target on shares of Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating for the company in a research report on Monday, August 18th. Cantor Fitzgerald set a $220.00 price target on shares of Check Point Software Technologies and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Jefferies Financial Group lowered their price target on shares of Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Finally, UBS Group lowered their price target on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" 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 company's 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 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.