Check Point Software Technologies Ltd. $CHKP Shares Sold by Greenleaf Trust

Key Points

• Greenleaf Trust has reduced its stake in Check Point Software Technologies by 39.9%, selling 1,434 shares and holding a total of 2,163 shares valued at $479,000.
• Several institutional investors have increased their positions in the company, with 98.51% of the stock now owned by institutional investors and hedge funds.
• Analysts forecast modest growth for Check Point, with current earnings guidance of $8.61 EPS for the year, and recent price targets ranging from $210.00 to $265.00 from various research firms.

Greenleaf Trust reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 39.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,163 shares of the technology company's stock after selling 1,434 shares during the period. Greenleaf Trust's holdings in Check Point Software Technologies were worth $479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Horizon Investments LLC increased its holdings in Check Point Software Technologies by 116.4% in the first quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock valued at $36,000 after buying an additional 85 shares in the last quarter. Cromwell Holdings LLC purchased a new position in Check Point Software Technologies in the first quarter valued at $37,000. Abound Financial LLC purchased a new position in Check Point Software Technologies in the first quarter valued at $40,000. TruNorth Capital Management LLC purchased a new position in Check Point Software Technologies in the first quarter valued at $45,000. Finally, Summit Securities Group LLC purchased a new position in Check Point Software Technologies in the first quarter valued at $49,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CHKP. UBS Group cut their target price on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company dropped 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. Stephens dropped their price objective 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. Barclays set a $215.00 price objective on shares of Check Point Software Technologies and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Check Point Software Technologies in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $227.42.

Check Point Software Technologies Stock Down 1.7%

Shares of CHKP opened at $201.57 on Friday. 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's 50 day moving average price is $194.37 and its 200 day moving average price is $211.82. The company has a market cap of $22.17 billion, a P/E ratio of 26.25, a PEG ratio of 3.08 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. During the same period in the prior year, the firm earned $2.17 EPS. The firm's revenue for the quarter 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. Research analysts forecast 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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