Check Point Software Technologies Ltd. $CHKP Shares Sold by Altrinsic Global Advisors LLC

Key Points

• Altrinsic Global Advisors LLC reduced its stake in Check Point Software Technologies by 38.7%, selling 236,012 shares, which left them with 373,624 shares valued at $85.16 million.
• Check Point Software Technologies reported Q2 earnings of $2.37 per share, slightly exceeding analysts' expectations and reflecting a year-over-year revenue increase of 6.0% to $665.20 million.
• Recent analyst ratings have adjusted price targets for Check Point, with Scotiabank setting a new price objective of $220.00, indicating varying investor sentiment towards the stock.

Altrinsic Global Advisors LLC lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 38.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 373,624 shares of the technology company's stock after selling 236,012 shares during the quarter. Check Point Software Technologies accounts for about 4.2% of Altrinsic Global Advisors LLC's portfolio, making the stock its 9th biggest holding. Altrinsic Global Advisors LLC owned 0.34% of Check Point Software Technologies worth $85,156,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new stake in Check Point Software Technologies in the 4th quarter valued at $29,000. Horizon Investments LLC boosted its stake 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 purchasing an additional 85 shares during the last quarter. 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 Check Point Software Technologies during the 1st quarter worth $40,000. Finally, TruNorth Capital Management LLC acquired a new stake in Check Point Software Technologies during the 1st quarter worth $45,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Trading Up 1.0%

NASDAQ CHKP traded up $1.88 during trading hours on Friday, reaching $193.14. The company had a trading volume of 547,453 shares, compared to its average volume of 963,751. The stock has a 50-day moving average of $205.60 and a 200 day moving average of $215.76. Check Point Software Technologies Ltd. has a 1-year low of $169.01 and a 1-year high of $234.35. The stock has a market capitalization of $21.24 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 2.90 and a beta of 0.59.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results 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 company 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%. Check Point Software Technologies's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.17 earnings per share. 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, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analysts Set New Price Targets

CHKP has been the topic of several recent research reports. Barclays set a $215.00 target price on shares of Check Point Software Technologies and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Jefferies Financial Group lowered 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 research note on Thursday, July 31st. Royal Bank Of Canada lowered their target price on shares of Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 31st. Stifel Nicolaus set a $200.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, July 30th. Finally, Wall Street Zen raised shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $228.50.

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.