City Holding Co. Has $1.91 Million Stake in Check Point Software Technologies Ltd. $CHKP

Key Points

• City Holding Co. increased its stake in Check Point Software Technologies Ltd. by 22.9% during Q2, owning 8,610 shares valued at approximately $1.91 million according to the latest SEC filing.
• Several institutional investors have significantly boosted their positions in Check Point, with Victory Capital Management increasing theirs by an astounding 2,704.5% during the first quarter.
• Check Point Software Technologies reported earnings of $2.37 per share for the last quarter, slightly exceeding analyst estimates, and has garnered a consensus recommendation of "Hold" from analysts.

City Holding Co. boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 22.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,610 shares of the technology company's stock after buying an additional 1,602 shares during the period. City Holding Co.'s holdings in Check Point Software Technologies were worth $1,905,000 as of its most recent SEC filing.

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

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $204.65 on Friday. The firm's 50-day simple moving average is $196.11 and its 200-day simple moving average is $212.43. Check Point Software Technologies Ltd. has a 1-year low of $169.01 and a 1-year high of $234.35. The firm has a market cap of $22.51 billion, a P/E ratio of 26.65, a PEG ratio of 3.08 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.01. The firm had revenue of $665.20 million during the quarter, compared to analyst estimates 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 was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of analyst reports. Morgan Stanley cut their price objective on shares of Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 2nd. UBS Group reduced their target price on Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Royal Bank Of Canada cut their price objective 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 report on Thursday, July 31st. Stephens dropped their price target on shares of Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 31st. Finally, Stifel Nicolaus set a $200.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $227.42.

About Check Point Software Technologies

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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