Check Point Software Technologies Ltd. $CHKP Shares Sold by HF Advisory Group LLC

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 decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 21.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,876 shares of the technology company's stock after selling 1,358 shares during the period. HF Advisory Group LLC's holdings in Check Point Software Technologies were worth $1,079,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital A Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter valued at $29,000. Horizon Investments LLC boosted its holdings in shares of Check Point Software Technologies by 116.4% in the 1st 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 acquired a new position in shares of Check Point Software Technologies in the 1st quarter valued at $37,000. Abound Financial LLC acquired a new position in shares of Check Point Software Technologies in the 1st quarter valued at $40,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Check Point Software Technologies in the 1st quarter valued at $45,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

CHKP has been the subject of several research reports. Barclays set a $215.00 price target on shares of Check Point Software Technologies and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Stifel Nicolaus set a $200.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, July 30th. Stephens reduced their price target 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 report on Thursday, July 31st. Mizuho upped their price target on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Finally, Scotiabank reduced their price target on shares of Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $227.58.

Check Point Software Technologies Stock Up 1.7%

Shares of Check Point Software Technologies stock traded up $3.30 on Monday, hitting $201.09. The company's stock had a trading volume of 767,985 shares, compared to its average volume of 700,716. The company has a market capitalization of $22.12 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 2.98 and a beta of 0.60. Check Point Software Technologies Ltd. has a 52-week low of $169.01 and a 52-week high of $234.35. The firm has a fifty day moving average price of $197.26 and a 200-day moving average price of $212.89.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued 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 analysts' expectations 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 prior 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. As a group, analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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.