Clark Capital Management Group Inc. Acquires 5,017 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Clark Capital Management Group Inc. increased its holdings in Check Point Software Technologies by 2.2%, owning 228,813 shares valued at $52.15 million.
• Check Point Software Technologies reported a quarterly earnings per share (EPS) of $2.37, slightly exceeding analysts' expectations of $2.36, while revenue increased by 6% year-over-year.
• The company's stock currently has a consensus rating of "Hold" with a target price of $227.58, indicating mixed sentiment among analysts regarding its future performance.

Clark Capital Management Group Inc. increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,813 shares of the technology company's stock after purchasing an additional 5,017 shares during the period. Clark Capital Management Group Inc. owned approximately 0.21% of Check Point Software Technologies worth $52,151,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC increased its position in shares of Check Point Software Technologies by 23.2% during the 1st quarter. Larson Financial Group LLC now owns 260 shares of the technology company's stock worth $59,000 after purchasing an additional 49 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Check Point Software Technologies by 19.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock worth $77,000 after purchasing an additional 55 shares during the last quarter. 3Chopt Investment Partners LLC increased its position in shares of Check Point Software Technologies by 0.3% during the 1st quarter. 3Chopt Investment Partners LLC now owns 19,571 shares of the technology company's stock worth $4,461,000 after purchasing an additional 56 shares during the last quarter. Cable Hill Partners LLC increased its position in shares of Check Point Software Technologies by 4.1% during the 1st quarter. Cable Hill Partners LLC now owns 1,563 shares of the technology company's stock worth $343,000 after purchasing an additional 61 shares during the last quarter. Finally, Independent Advisor Alliance increased its position in shares of Check Point Software Technologies by 4.3% during the 1st quarter. Independent Advisor Alliance now owns 1,491 shares of the technology company's stock worth $340,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 98.51% of the company's stock.

Wall Street Analyst Weigh In

CHKP has been the topic of several recent analyst reports. Barclays set a $215.00 price target on Check Point Software Technologies and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Scotiabank reduced their target price on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company reduced their target price on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Stifel Nicolaus set a $200.00 target price on Check Point Software Technologies in a research note on Wednesday, July 30th. Finally, Wall Street Zen upgraded Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. One investment 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. According to MarketBeat, Check Point Software Technologies currently has a consensus rating of "Hold" and an average price target of $227.58.

Check Point Software Technologies Price Performance

CHKP traded up $3.81 during trading on Monday, hitting $196.90. The stock had a trading volume of 813,557 shares, compared to its average volume of 922,588. The company has a 50 day moving average price of $202.83 and a 200-day moving average price of $214.69. The firm has a market cap of $21.66 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 2.90 and a beta of 0.60. Check Point Software Technologies Ltd. has a one year low of $169.01 and a one year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.01. The business 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 quarterly revenue was up 6.0% on a year-over-year basis. 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. As a group, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal 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.