Cadinha & Co. LLC Acquires 4,204 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Cadinha & Co. LLC increased its stake in Check Point Software Technologies by 5.9%, acquiring an additional 4,204 shares in the second quarter, bringing its total holdings to 75,554 shares.
• Check Point Software Technologies reported a quarterly earnings per share (EPS) of $2.37, slightly beating analysts’ estimates, and projected FY 2025 EPS guidance between 9.600-10.200.
• The stock is experiencing downward pressure, with a recent trading price of $194.85 and a 1.0% decrease, in light of updated price targets set by various analysts.

Cadinha & Co. LLC grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 5.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,554 shares of the technology company's stock after buying an additional 4,204 shares during the period. Check Point Software Technologies makes up 2.8% of Cadinha & Co. LLC's investment portfolio, making the stock its 17th largest holding. Cadinha & Co. LLC owned about 0.07% of Check Point Software Technologies worth $16,716,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CHKP. Horizon Investments LLC boosted its stake in 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 acquiring an additional 85 shares in the last quarter. Cromwell Holdings LLC acquired a new position in shares of Check Point Software Technologies during the first quarter valued at about $37,000. Abound Financial LLC bought a new position in shares of Check Point Software Technologies during the 1st quarter worth about $40,000. TruNorth Capital Management LLC acquired a new stake in shares of Check Point Software Technologies in the 1st quarter valued at about $45,000. Finally, Summit Securities Group LLC bought a new stake in Check Point Software Technologies in the 1st quarter valued at about $49,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Stock Down 1.0%

Check Point Software Technologies stock opened at $194.85 on Thursday. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The company's 50 day moving average price is $195.42 and its two-hundred day moving average price is $208.91. The stock has a market cap of $21.43 billion, a P/E ratio of 25.30, a P/E/G ratio of 2.96 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 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 return on equity of 33.21% and a net margin of 32.48%.Check Point Software Technologies's revenue was up 6.0% on a year-over-year basis. During the same period last year, the business 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. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several recent research reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Check Point Software Technologies in a report on Wednesday, October 8th. Jefferies Financial Group cut their target price on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Stephens decreased their price target on shares of Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. JPMorgan Chase & Co. lowered their price objective on shares of Check Point Software Technologies from $257.00 to $251.00 and set an "overweight" rating on the stock in a report on Wednesday, September 24th. Finally, Royal Bank Of Canada reduced 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. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $227.00.

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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