Atika Capital Management LLC Invests $4.56 Million in Check Point Software Technologies Ltd. $CHKP

Key Points

• Atika Capital Management LLC has purchased a new stake of 20,000 shares in Check Point Software Technologies, valued at approximately $4.56 million.
• The company reported a quarterly earnings per share (EPS) of $2.37, beating consensus estimates, and has set FY 2025 guidance at 9.600-10.200 EPS.
• The stock has received mixed ratings from analysts, with one upgrade to "buy" but several target price reductions, currently averaging $228.50.

Atika Capital Management LLC bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 20,000 shares of the technology company's stock, valued at approximately $4,558,000.

Several other hedge funds have also recently added to or reduced their stakes in CHKP. Capital A Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $29,000. Horizon Investments LLC grew its holdings in shares of Check Point Software Technologies by 116.4% during the first quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock worth $36,000 after buying an additional 85 shares in the last quarter. Cromwell Holdings LLC purchased a new stake in shares of Check Point Software Technologies during the first quarter worth about $37,000. Abound Financial LLC purchased a new stake in shares of Check Point Software Technologies during the first quarter worth about $40,000. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Check Point Software Technologies during the first quarter worth about $45,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

CHKP stock traded up $2.01 during midday trading on Friday, reaching $190.42. 668,144 shares of the company's stock traded hands, compared to its average volume of 1,295,987. The company has a market capitalization of $20.94 billion, a P/E ratio of 24.79, a PEG ratio of 2.86 and a beta of 0.59. Check Point Software Technologies Ltd. has a fifty-two week low of $169.01 and a fifty-two week high of $234.35. The business has a 50-day moving average price of $208.50 and a two-hundred day moving average price of $216.63.

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 analysts' consensus estimates of $2.36 by $0.01. The firm had revenue of $665.20 million for the quarter, compared to analysts' expectations of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. Check Point Software Technologies's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.17 earnings per share. 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 forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of recent research 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 report on Thursday, July 31st. Jefferies Financial Group lowered their target price on shares of 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. Wells Fargo & Company lowered their target price on shares of 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. Mizuho boosted 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, Stephens lowered 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 report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $228.50.

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.