HF Advisory Group LLC Sells 1,358 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• HF Advisory Group LLC reduced its holdings in Check Point Software Technologies by 21.8% during the second quarter, now owning 4,876 shares worth approximately $1,079,000.
• Several institutional investors increased their stakes in Check Point, with 98.51% of the stock now owned by such investors and hedge funds.
• Check Point reported $2.37 EPS for the last quarter, slightly above estimates, with a revenue of $665.20 million, showing a year-over-year growth of 6.0%.

HF Advisory Group LLC lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 21.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,876 shares of the technology company's stock after selling 1,358 shares during the quarter. HF Advisory Group LLC's holdings in Check Point Software Technologies were worth $1,079,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new position in Check Point Software Technologies during the 4th quarter valued at about $29,000. Horizon Investments LLC grew its holdings in Check Point Software Technologies by 116.4% during the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock worth $36,000 after acquiring an additional 85 shares during the period. Cromwell Holdings LLC acquired a new stake in Check Point Software Technologies during the 1st quarter worth $37,000. Abound Financial LLC acquired a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $40,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $45,000. Institutional investors own 98.51% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on CHKP shares. Citigroup cut their price target on shares of 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 shares of Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 2nd. Mizuho raised their target price on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Jefferies Financial Group dropped their target price on shares of 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, Stephens dropped their target price on shares of Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating on the stock in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company's stock. According to data from MarketBeat, Check Point Software Technologies currently has an average rating of "Hold" and an average price target of $227.58.

Check Point Software Technologies Trading Up 0.8%

Check Point Software Technologies stock traded up $1.55 during midday trading on Friday, reaching $197.79. The company's stock had a trading volume of 2,200,945 shares, compared to its average volume of 624,075. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The business has a 50-day moving average price of $197.65 and a 200-day moving average price of $213.22. The stock has a market cap of $21.75 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.98 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The firm had revenue of $665.20 million for the quarter, compared to analysts' expectations of $663.10 million. During the same quarter in the previous year, the business posted $2.17 earnings per share. The business'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. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal 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.