Aberdeen Group plc grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 4.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,850 shares of the technology company's stock after buying an additional 1,848 shares during the period. Aberdeen Group plc's holdings in Check Point Software Technologies were worth $8,817,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Horizon Investments LLC increased its position 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 purchasing an additional 85 shares during the last quarter. Cromwell Holdings LLC purchased a new position in shares of Check Point Software Technologies during the 1st quarter worth approximately $37,000. Abound Financial LLC purchased a new position in shares of Check Point Software Technologies during the 1st quarter worth approximately $40,000. TruNorth Capital Management LLC purchased a new position in shares of Check Point Software Technologies during the 1st quarter worth approximately $45,000. Finally, Summit Securities Group LLC purchased a new position in shares of Check Point Software Technologies during the 1st quarter worth approximately $49,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Check Point Software Technologies in a research report on Wednesday, October 8th. Cantor Fitzgerald set a $220.00 price objective on shares of Check Point Software Technologies and gave the company a "neutral" rating in a report on Thursday, July 31st. Barclays lifted their price objective on shares of Check Point Software Technologies from $215.00 to $220.00 and gave the company an "equal weight" rating in a report on Tuesday. Stifel Nicolaus set a $200.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, July 30th. Finally, Jefferies Financial Group dropped their price objective on shares of Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seventeen have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $227.00.
Get Our Latest Stock Report on Check Point Software Technologies
Check Point Software Technologies Stock Down 2.0%
Shares of Check Point Software Technologies stock opened at $190.24 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 has a 50 day moving average of $194.51 and a 200 day moving average of $210.03. The company has a market capitalization of $20.92 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.92 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 earnings per share (EPS) 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 the consensus estimate of $663.10 million. During the same quarter in the previous year, the firm earned $2.17 earnings per share. The firm's quarterly revenue 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, research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.
About Check Point Software Technologies
(
Free Report)
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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