Drucker Wealth 3.0 LLC Decreases Stock Position in Check Point Software Technologies Ltd. $CHKP

Key Points

• Drucker Wealth 3.0 LLC decreased its stock position in Check Point Software Technologies Ltd. by 36.3% during the 2nd quarter, now owning 3,015 shares valued at $697,000.
• Other institutional investors like Aberdeen Group plc and Blue Trust Inc. increased their holdings in Check Point Software Technologies by 4.9% and 267.6% respectively during the same period.
• Check Point Software Technologies reported $2.37 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue increase of 6.0% year-over-year.

Drucker Wealth 3.0 LLC cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 36.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,015 shares of the technology company's stock after selling 1,716 shares during the period. Drucker Wealth 3.0 LLC's holdings in Check Point Software Technologies were worth $697,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CHKP. Aberdeen Group plc lifted its holdings in Check Point Software Technologies by 4.9% in the 2nd quarter. Aberdeen Group plc now owns 39,850 shares of the technology company's stock valued at $8,817,000 after purchasing an additional 1,848 shares in the last quarter. Blue Trust Inc. lifted its holdings in Check Point Software Technologies by 267.6% in the 2nd quarter. Blue Trust Inc. now owns 2,356 shares of the technology company's stock valued at $521,000 after purchasing an additional 1,715 shares in the last quarter. IFP Advisors Inc lifted its holdings in Check Point Software Technologies by 8.7% in the 2nd quarter. IFP Advisors Inc now owns 1,303 shares of the technology company's stock valued at $288,000 after purchasing an additional 104 shares in the last quarter. Callan Family Office LLC purchased a new position in Check Point Software Technologies in the 2nd quarter valued at about $202,000. Finally, Blair William & Co. IL lifted its holdings in Check Point Software Technologies by 4.9% in the 2nd quarter. Blair William & Co. IL now owns 21,759 shares of the technology company's stock valued at $4,814,000 after purchasing an additional 1,023 shares in the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of recent research reports. Barclays set a $215.00 target price on shares of Check Point Software Technologies and gave the company an "equal weight" rating in a report on Thursday, July 31st. UBS Group reduced 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 report on Thursday, July 31st. Morgan Stanley reduced their target price 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. Royal Bank Of Canada dropped their price objective on shares of Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating for the company in a research note on Thursday, July 31st. Finally, Stifel Nicolaus set a $200.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $226.79.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $195.56 on Friday. The company has a 50-day moving average of $194.33 and a 200-day moving average of $210.66. The company has a market cap of $21.51 billion, a P/E ratio of 25.46, a P/E/G ratio of 2.94 and a beta of 0.60. 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 posted its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.01. The firm had revenue of $665.20 million during the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $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, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

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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