Boston Trust Walden Corp Cuts Stake in Check Point Software Technologies Ltd. $CHKP

Key Points

• Boston Trust Walden Corp reduced its stake in Check Point Software Technologies by 8.1%, owning 387,682 shares worth approximately $85.8 million after selling 34,177 shares in the second quarter.
• Analysts have varying price targets for Check Point, with Mizuho increasing their target to $240 and Wells Fargo lowering their target to $225, while the stock currently has a consensus target price of $227.
• Check Point's latest earnings report showed an EPS of $2.37, slightly exceeding expectations, and projected fiscal year EPS guidance for FY 2025 between $9.600 and $10.200.

Boston Trust Walden Corp reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 8.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 387,682 shares of the technology company's stock after selling 34,177 shares during the quarter. Boston Trust Walden Corp owned about 0.35% of Check Point Software Technologies worth $85,775,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sowell Financial Services LLC purchased a new position in Check Point Software Technologies in the first quarter worth $301,000. QRG Capital Management Inc. grew its holdings in Check Point Software Technologies by 19.1% in the first quarter. QRG Capital Management Inc. now owns 2,442 shares of the technology company's stock worth $557,000 after purchasing an additional 391 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Check Point Software Technologies by 15.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,937 shares of the technology company's stock worth $899,000 after purchasing an additional 541 shares during the last quarter. Penserra Capital Management LLC grew its holdings in Check Point Software Technologies by 5.6% in the first quarter. Penserra Capital Management LLC now owns 393,212 shares of the technology company's stock worth $89,620,000 after purchasing an additional 20,812 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Check Point Software Technologies by 43.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company's stock worth $338,168,000 after purchasing an additional 450,099 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays set a $220.00 price objective on shares of Check Point Software Technologies in a research note on Tuesday. Mizuho lifted their price objective on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. 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 research note on Thursday, July 31st. 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 research note on Thursday, July 31st. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Check Point Software Technologies in a research note on Wednesday, October 8th. One investment 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $227.00.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $194.85 on Tuesday. The company has a market capitalization of $21.43 billion, a PE ratio of 25.37, a P/E/G ratio of 2.94 and a beta of 0.60. The company has a fifty day moving average of $194.37 and a 200 day moving average of $210.28. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.01. The company had revenue of $665.20 million during the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm 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. Research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

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.

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