National Pension Service Acquires 129,829 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• National Pension Service increased its stake in Check Point Software Technologies by 49.2%, owning 393,586 shares valued at approximately $89.7 million as of the latest SEC filing.
• The company reported a quarterly EPS of $2.37, surpassing expectations, with revenues of $665.2 million, up 6% year-over-year.
• Currently, 98.51% of Check Point's stock is held by institutional investors, with a consensus rating of "Moderate Buy" and an average price target of $228.08 from analysts.

National Pension Service grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 49.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 393,586 shares of the technology company's stock after buying an additional 129,829 shares during the quarter. National Pension Service owned 0.36% of Check Point Software Technologies worth $89,706,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Capital A Wealth Management LLC acquired a new stake in Check Point Software Technologies during the fourth quarter valued at approximately $29,000. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies during the first quarter worth $37,000. Abound Financial LLC bought a new position in shares of Check Point Software Technologies during the first quarter valued at $40,000. TruNorth Capital Management LLC acquired a new position in Check Point Software Technologies in the first quarter valued at about $45,000. Finally, Quarry LP boosted its holdings in shares of Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after acquiring an additional 103 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wells Fargo & Company dropped their price objective on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Scotiabank cut their target price on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating on the stock in a research note on Thursday, July 31st. Citigroup lowered 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 note on Monday. Morgan Stanley dropped their price target on Check Point Software Technologies from $230.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald set a $220.00 price objective on shares of Check Point Software Technologies and gave the stock a "neutral" rating 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's stock. Based on data from MarketBeat.com, Check Point Software Technologies has an average rating of "Hold" and a consensus price target of $228.50.

Check Point Software Technologies Trading Down 0.7%

Shares of Check Point Software Technologies stock traded down $1.35 during trading on Tuesday, hitting $187.29. 362,319 shares of the stock were exchanged, compared to its average volume of 934,828. The company has a fifty day moving average price of $211.27 and a 200-day moving average price of $217.35. The stock has a market capitalization of $20.60 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.84 and a beta of 0.59. Check Point Software Technologies Ltd. has a 1-year low of $169.01 and a 1-year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.36 by $0.01. The company had revenue of $665.20 million during the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

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.