Asset Management One Co. Ltd. Decreases Stock Position in Check Point Software Technologies Ltd. $CHKP

Asset Management One Co. Ltd. reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 3.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,608 shares of the technology company's stock after selling 2,649 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.07% of Check Point Software Technologies worth $18,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Fulton Bank N.A. boosted its holdings in shares of Check Point Software Technologies by 3.2% in the second quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company's stock worth $330,000 after acquiring an additional 46 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Check Point Software Technologies by 23.2% in the first quarter. Larson Financial Group LLC now owns 260 shares of the technology company's stock worth $59,000 after acquiring an additional 49 shares during the period. Sterling Investment Advisors Ltd. boosted its holdings in shares of Check Point Software Technologies by 2.6% in the second quarter. Sterling Investment Advisors Ltd. now owns 1,970 shares of the technology company's stock worth $436,000 after acquiring an additional 50 shares during the period. Contravisory Investment Management Inc. boosted its holdings in shares of Check Point Software Technologies by 1.2% in the second quarter. Contravisory Investment Management Inc. now owns 4,693 shares of the technology company's stock worth $1,038,000 after acquiring an additional 55 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of Check Point Software Technologies by 5.2% in the second quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company's stock worth $244,000 after acquiring an additional 55 shares during the period. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Down 0.8%

Shares of CHKP stock opened at $192.00 on Friday. The business has a 50-day moving average price of $195.65 and a two-hundred day moving average price of $208.67. 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 market cap of $21.12 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. UBS Group cut their price target on Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating for the company in a 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 for the company in a research note on Thursday, July 31st. Citigroup dropped their price objective on Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Weiss Ratings reissued a "hold (c+)" rating on shares of Check Point Software Technologies in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company dropped their price objective on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $227.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.