Corient IA LLC Buys Shares of 5,000 Check Point Software Technologies Ltd. $CHKP

Key Points

• Corient IA LLC acquired 5,000 shares of Check Point Software Technologies for approximately $1,140,000, making it the fund's 16th largest holding.
• Check Point's recent earnings revealed a 6.0% year-over-year revenue increase, with the company reporting an EPS of $2.37, slightly above analysts' expectations.
• Analysts have mixed views on Check Point, with a consensus rating of "Moderate Buy" and an average target price of $228.08.

Corient IA LLC acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,000 shares of the technology company's stock, valued at approximately $1,140,000. Check Point Software Technologies comprises 0.8% of Corient IA LLC's portfolio, making the stock its 16th largest position.

A number of other hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its holdings 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 valued at $59,000 after purchasing an additional 49 shares during the last quarter. TD Waterhouse Canada Inc. boosted its holdings in shares of Check Point Software Technologies by 1.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock valued at $578,000 after purchasing an additional 52 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised 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 valued at $77,000 after buying an additional 55 shares in the last quarter. 3Chopt Investment Partners LLC raised 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 valued at $4,461,000 after buying an additional 56 shares in the last quarter. Finally, Cable Hill Partners LLC raised 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 valued at $343,000 after buying an additional 61 shares in the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP traded down $0.88 during trading on Thursday, reaching $188.41. 617,852 shares of the company were exchanged, compared to its average volume of 936,031. The firm has a market capitalization of $20.72 billion, a PE ratio of 24.53, a P/E/G ratio of 2.83 and a beta of 0.59. The business's fifty day simple moving average is $209.76 and its 200-day simple moving average is $216.96. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month 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 analysts' consensus estimates of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. During the same period last year, the company posted $2.17 earnings per share. The company's quarterly revenue was up 6.0% compared to the same quarter last year. 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, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHKP has been the topic of several recent research reports. Scotiabank decreased their target price on shares of Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating on the stock in a research report on Thursday, July 31st. Stephens decreased their target price 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 report on Thursday, July 31st. UBS Group decreased their target price on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Mizuho increased their price objective on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Finally, Citigroup reduced their price objective on shares of Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating on the stock in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of "Hold" and a consensus target price of $228.50.

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.