Charles Schwab Investment Management Inc. Acquires 5,266 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Check Point Software Technologies Ltd. by 5.2%, owning a total of 107,197 shares after purchasing an additional 5,266 shares during the first quarter.
• Wall Street analysts have issued various ratings for CHKP, with a consensus rating of "Hold" and an average price target of $228.50. Notably, Wells Fargo lowered its price objective from $265.00 to $225.00.
• Check Point Software Technologies reported earnings of $2.37 per share for the recent quarter, slightly exceeding analysts' expectations, with revenue rising 6.0% year-over-year to $665.20 million.

Charles Schwab Investment Management Inc. increased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 5.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,197 shares of the technology company's stock after acquiring an additional 5,266 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.10% of Check Point Software Technologies worth $24,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Capital A Wealth Management LLC purchased a new stake in Check Point Software Technologies in the fourth quarter valued at $29,000. Cromwell Holdings LLC acquired a new position in shares of Check Point Software Technologies in the first quarter valued at approximately $37,000. Abound Financial LLC acquired a new position in shares of Check Point Software Technologies in the first quarter valued at approximately $40,000. TruNorth Capital Management LLC acquired a new position in shares of Check Point Software Technologies in the first quarter valued at approximately $45,000. Finally, Quarry LP grew its stake in Check Point Software Technologies by 100.0% during the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Trading Down 0.9%

NASDAQ:CHKP traded down $1.7550 during trading hours on Monday, hitting $188.6650. 322,691 shares of the stock traded hands, compared to its average volume of 930,238. The firm has a 50 day moving average price of $208.50 and a 200 day moving average price of $216.66. Check Point Software Technologies Ltd. has a fifty-two week low of $169.01 and a fifty-two week high of $234.35. The firm has a market cap of $20.75 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 2.86 and a beta of 0.59.

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 EPS 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 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 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 predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Ratings Changes

CHKP has been the topic of a number of research analyst reports. UBS Group cut their price objective on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Scotiabank decreased their price target on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a report on Thursday, July 31st. Citigroup cut 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 report on Monday, August 18th. Mizuho upped their target price on 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 dropped their target price on 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat, Check Point Software Technologies currently has an average rating of "Hold" and a consensus price target of $228.50.

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.