Check Point Software Technologies Ltd. $CHKP Holdings Lowered by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. significantly reduced its holdings in Check Point Software Technologies by 71.7%, bringing its ownership down to 1,080 shares worth $239,000.
• Wall Street analysts have lowered their target price on Check Point's stock, with Citigroup and Morgan Stanley setting new targets of $200.00 and $193.00 respectively, while the stock currently holds a consensus rating of "Hold".
• In its latest earnings report, Check Point reported an EPS of $2.37, slightly exceeding estimates, with a revenue of $665.20 million, reflecting a 6.0% year-over-year increase.

Atria Wealth Solutions Inc. reduced its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 71.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,080 shares of the technology company's stock after selling 2,735 shares during the period. Atria Wealth Solutions Inc.'s holdings in Check Point Software Technologies were worth $239,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CHKP. Horizon Investments LLC increased its position in Check Point Software Technologies by 116.4% in the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock worth $36,000 after purchasing an additional 85 shares during the last quarter. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies in the 1st quarter worth about $37,000. Abound Financial LLC acquired a new position in Check Point Software Technologies in the 1st quarter worth about $40,000. TruNorth Capital Management LLC acquired a new position in Check Point Software Technologies in the 1st quarter worth about $45,000. Finally, Summit Securities Group LLC acquired a new position in Check Point Software Technologies in the 1st quarter worth about $49,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several research reports. Citigroup dropped their target price on Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. Morgan Stanley dropped their target price on Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of Check Point Software Technologies in a report on Wednesday, October 8th. Jefferies Financial Group lowered their price objective 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. Finally, Cantor Fitzgerald reissued a "neutral" rating and set a $220.00 price objective on shares of Check Point Software Technologies in a report on Wednesday. One equities research 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $227.00.

Check Point Software Technologies Trading Down 0.9%

Shares of NASDAQ:CHKP opened at $194.90 on Thursday. Check Point Software Technologies Ltd. has a 1-year low of $169.01 and a 1-year high of $234.35. The firm has a market capitalization of $21.44 billion, a PE ratio of 25.38, a PEG ratio of 2.96 and a beta of 0.60. The business's 50 day moving average is $195.42 and its 200-day moving average is $208.91.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.36 by $0.01. The business 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 quarter last year, the company earned $2.17 EPS. 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, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

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.

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.