Blue Trust Inc. Acquires 1,715 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Blue Trust Inc. increased its stake in Check Point Software Technologies by 267.6%, acquiring an additional 1,715 shares and bringing its total holdings to 2,356 shares worth $521,000.
• Analysts have a consensus rating of "Hold" on Check Point Software Technologies, with a price target range from $205.00 to $226.79 following recent adjustments from various brokerages.
• The company reported a 6.0% year-over-year revenue increase, achieving $665.20 million in revenue for the quarter, and posted earnings per share of $2.37, slightly surpassing analyst estimates.

Blue Trust Inc. increased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 267.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,356 shares of the technology company's stock after purchasing an additional 1,715 shares during the quarter. Blue Trust Inc.'s holdings in Check Point Software Technologies were worth $521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. IFP Advisors Inc grew its stake in shares of Check Point Software Technologies by 8.7% in the second quarter. IFP Advisors Inc now owns 1,303 shares of the technology company's stock worth $288,000 after purchasing an additional 104 shares during the last quarter. Callan Family Office LLC bought a new stake in shares of Check Point Software Technologies in the second quarter worth about $202,000. Blair William & Co. IL lifted its holdings in Check Point Software Technologies by 4.9% in the second quarter. Blair William & Co. IL now owns 21,759 shares of the technology company's stock worth $4,814,000 after buying an additional 1,023 shares during the period. SteelPeak Wealth LLC purchased a new stake in Check Point Software Technologies in the second quarter worth about $845,000. Finally, Hunter Perkins Capital Management LLC lifted its holdings in Check Point Software Technologies by 0.3% in the second quarter. Hunter Perkins Capital Management LLC now owns 22,284 shares of the technology company's stock worth $4,930,000 after buying an additional 67 shares during the period. 98.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on CHKP. Royal Bank Of Canada lowered their price objective on shares of 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. Scotiabank set a $205.00 price objective on shares of Check Point Software Technologies and gave the stock a "sector perform" rating in a report on Monday, October 6th. Cantor Fitzgerald set a $220.00 price objective on shares of Check Point Software Technologies and gave the stock a "neutral" rating in a report on Thursday, July 31st. Barclays set a $215.00 price objective on shares of Check Point Software Technologies and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Wells Fargo & Company lowered their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $226.79.

Check Point Software Technologies Stock Down 1.3%

Shares of NASDAQ CHKP opened at $195.56 on Monday. 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 $21.51 billion, a P/E ratio of 25.46, a PEG ratio of 2.94 and a beta of 0.60. The company has a 50 day moving average of $194.33 and a 200 day moving average of $210.52.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, topping 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 previous year, the business earned $2.17 EPS. The firm's revenue for the quarter 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. As a group, equities analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

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.

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