Clean Yield Group Sells 1,596 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Clean Yield Group reduced its stake in Check Point Software Technologies by 6.2%, selling 1,596 shares, and now owns 24,300 shares worth approximately $5.4 million.
• Several institutional investors, including Assenagon Asset Management and QRG Capital Management, have significantly increased their holdings in Check Point Software Technologies during the first quarter.
• Check Point's recent earnings report showed EPS of $2.37, exceeding analysts' expectations, with revenues of $665.2 million, marking a 6.0% increase year-over-year.

Clean Yield Group cut its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,300 shares of the technology company's stock after selling 1,596 shares during the period. Check Point Software Technologies comprises about 1.6% of Clean Yield Group's investment portfolio, making the stock its 21st largest position. Clean Yield Group's holdings in Check Point Software Technologies were worth $5,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Assenagon Asset Management S.A. increased its position in shares of Check Point Software Technologies by 184.4% during the first quarter. Assenagon Asset Management S.A. now owns 57,690 shares of the technology company's stock valued at $13,149,000 after purchasing an additional 37,407 shares during the period. Sowell Financial Services LLC bought a new stake in shares of Check Point Software Technologies during the first quarter valued at approximately $301,000. QRG Capital Management Inc. boosted its stake in Check Point Software Technologies by 19.1% in the 1st quarter. QRG Capital Management Inc. now owns 2,442 shares of the technology company's stock valued at $557,000 after buying an additional 391 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Check Point Software Technologies by 15.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,937 shares of the technology company's stock valued at $899,000 after buying an additional 541 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in Check Point Software Technologies by 5.6% in the 1st quarter. Penserra Capital Management LLC now owns 393,212 shares of the technology company's stock valued at $89,620,000 after buying an additional 20,812 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $204.65 on Monday. The firm has a market cap of $22.51 billion, a P/E ratio of 26.65, a P/E/G ratio of 3.08 and a beta of 0.60. The business's fifty day moving average is $196.11 and its two-hundred day moving average is $212.41. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.01. The company had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The business's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, equities research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CHKP. Barclays set a $215.00 price target on Check Point Software Technologies and gave the company an "equal weight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. decreased their price target on Check Point Software Technologies from $257.00 to $251.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 24th. Stephens decreased their price target on 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. Scotiabank decreased their price target 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. Finally, Citigroup decreased their price target on Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating on the stock in a research note on Monday, August 18th. One 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus 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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