Check Point Software Technologies Ltd. $CHKP Shares Sold by Raymond James Financial Inc.

Key Points

• Raymond James Financial Inc. reduced its holdings in Check Point Software Technologies by 2.6%, now owning approximately 201,253 shares worth $45.87 million.
• Several institutional investors, including Dimensional Fund Advisors and MetLife Investment Management, also increased their positions in Check Point, indicating strong institutional interest in the stock.
• A consensus target price for Check Point Software Technologies is currently set at $228.50, with ratings ranging from "Strong Buy" to "Hold" from multiple analysts.

Raymond James Financial Inc. reduced its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 201,253 shares of the technology company's stock after selling 5,271 shares during the period. Raymond James Financial Inc. owned about 0.18% of Check Point Software Technologies worth $45,870,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CHKP. Dimensional Fund Advisors LP increased its position in shares of Check Point Software Technologies by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 12,712 shares of the technology company's stock worth $2,373,000 after purchasing an additional 103 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Check Point Software Technologies by 34.6% in the 4th quarter. MetLife Investment Management LLC now owns 10,500 shares of the technology company's stock valued at $1,960,000 after purchasing an additional 2,700 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Check Point Software Technologies by 1.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock valued at $578,000 after purchasing an additional 52 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Check Point Software Technologies by 17.0% in the 4th quarter. OneDigital Investment Advisors LLC now owns 4,896 shares of the technology company's stock valued at $914,000 after purchasing an additional 710 shares in the last quarter. Finally, Stifel Financial Corp lifted its holdings in Check Point Software Technologies by 20.5% in the 4th quarter. Stifel Financial Corp now owns 12,651 shares of the technology company's stock valued at $2,362,000 after purchasing an additional 2,153 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on CHKP shares. Wells Fargo & Company decreased their price objective on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Royal Bank Of Canada decreased their price objective on Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating on the stock in a report on Thursday, July 31st. Scotiabank decreased their price objective on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating on the stock in a report on Thursday, July 31st. Mizuho boosted their price objective on Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Finally, 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 research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $228.50.

Check Point Software Technologies Stock Down 0.5%

Shares of Check Point Software Technologies stock opened at $188.41 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The business's fifty day simple moving average is $209.07 and its 200-day simple moving average is $216.78. The firm has a market cap of $20.72 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 2.85 and a beta of 0.59.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate 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 business had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. During the same quarter in the prior year, the company posted $2.17 EPS. The company'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, equities 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.

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