Ariel Investments LLC Sells 459,120 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Ariel Investments LLC reduced its stake in Check Point Software Technologies Ltd. by 40.4%, selling 459,120 shares during the first quarter, and now holds 677,221 shares.
• Institutional investors own 98.51% of Check Point's stock, reflecting strong institutional interest and investments from several firms in the recent quarter.
• The company's latest earnings report showed $2.37 EPS, slightly beating expectations, and projected FY 2025 EPS guidance of 9.600-10.200.

Ariel Investments LLC lessened its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 40.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 677,221 shares of the technology company's stock after selling 459,120 shares during the quarter. Check Point Software Technologies comprises about 1.8% of Ariel Investments LLC's investment portfolio, making the stock its 29th biggest position. Ariel Investments LLC owned about 0.62% of Check Point Software Technologies worth $154,352,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Capital A Wealth Management LLC bought a new position in Check Point Software Technologies in the 4th quarter worth $29,000. Horizon Investments LLC raised its holdings 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 worth $36,000 after acquiring an additional 85 shares during the period. Cromwell Holdings LLC bought a new position in Check Point Software Technologies in the 1st quarter worth $37,000. Abound Financial LLC bought a new position in Check Point Software Technologies in the 1st quarter worth $40,000. Finally, TruNorth Capital Management LLC bought a new position in Check Point Software Technologies in the 1st quarter worth $45,000. Institutional investors own 98.51% of the company's stock.

Analyst Ratings Changes

CHKP has been the topic of several research analyst reports. 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. Morgan Stanley dropped their price objective on shares of Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating on the stock in a report on Tuesday. Stifel Nicolaus set a $200.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, July 30th. Royal Bank Of Canada dropped their price objective on shares of Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating on the stock in a report on Thursday, July 31st. Finally, Citigroup dropped their price objective on shares of Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating on the stock in a report on Monday, August 18th. One equities 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 stock. According to MarketBeat, Check Point Software Technologies currently has an average rating of "Hold" and an average target price of $227.58.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $190.16 on Wednesday. The firm's 50-day simple moving average is $204.41 and its 200-day simple moving average is $215.35. Check Point Software Technologies Ltd. has a twelve month low of $169.01 and a twelve month high of $234.35. The firm has a market cap of $20.91 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 2.90 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its 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 analyst estimates of $663.10 million. During the same period in the previous year, the business earned $2.17 EPS. The firm's 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, equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

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.

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