Check Point Software Technologies Ltd. $CHKP Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC has reduced its stake in Check Point Software Technologies by 23.5%, now holding 2,778,729 shares, which represents 1.8% of their total holdings.
• Check Point Software reported $2.37 EPS for the most recent quarter, slightly beating estimates, and anticipates FY 2025 EPS guidance between 9.600-10.200.
• Hedge funds own 98.51% of Check Point Software Technologies, indicating strong institutional interest and activity among various investment firms.

Acadian Asset Management LLC decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,778,729 shares of the technology company's stock after selling 853,387 shares during the quarter. Check Point Software Technologies makes up approximately 1.8% of Acadian Asset Management LLC's holdings, making the stock its 9th largest holding. Acadian Asset Management LLC owned about 2.53% of Check Point Software Technologies worth $633,269,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of CHKP. Victory Capital Management Inc. lifted its holdings in Check Point Software Technologies by 2,704.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company's stock worth $297,333,000 after buying an additional 1,258,034 shares in the last quarter. Invesco Ltd. raised its position in shares of Check Point Software Technologies by 737.5% during the 1st quarter. Invesco Ltd. now owns 982,986 shares of the technology company's stock valued at $224,042,000 after acquiring an additional 865,608 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Check Point Software Technologies by 5,396.1% during the 1st quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company's stock valued at $150,081,000 after acquiring an additional 646,504 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of Check Point Software Technologies by 214.6% during the 1st quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company's stock valued at $197,086,000 after acquiring an additional 589,816 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Check Point Software Technologies by 43.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company's stock valued at $338,168,000 after acquiring an additional 450,099 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

CHKP stock traded down $1.35 during trading hours on Friday, reaching $195.19. 519,751 shares of the stock were exchanged, compared to its average volume of 664,860. The firm's 50-day moving average is $200.24 and its 200-day moving average is $214.00. The company has a market cap of $21.47 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.95 and a beta of 0.60. Check Point Software Technologies Ltd. has a 12 month low of $169.01 and a 12 month high of $234.35.

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, topping analysts' consensus estimates of $2.36 by $0.01. The firm had revenue of $665.20 million during the quarter, compared to analysts' expectations of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The company's revenue was up 6.0% on a year-over-year basis. During the same quarter 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, equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on CHKP shares. Citigroup dropped their target price on shares of Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating for the company in a research report on Monday, August 18th. Scotiabank dropped their target price 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. 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 for the company in a research report on Thursday, July 31st. Stephens dropped their target price 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. Finally, Morgan Stanley lowered their price objective on shares of Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $227.58.

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.