Edmond DE Rothschild Holding S.A. Sells 118,772 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Check Point Software Technologies Ltd. by 20.7%, selling 118,772 shares to end with 454,051 shares.
• Check Point Software Technologies reported $2.37 EPS for the last quarter, surpassing analysts' expectations and showing a 6.0% year-over-year revenue increase.
• Institutional investors own approximately 98.51% of Check Point Software Technologies, with several increasing their holdings significantly in the last quarter.

Edmond DE Rothschild Holding S.A. reduced its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 20.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 454,051 shares of the technology company's stock after selling 118,772 shares during the period. Check Point Software Technologies comprises about 1.8% of Edmond DE Rothschild Holding S.A.'s investment portfolio, making the stock its 11th biggest position. Edmond DE Rothschild Holding S.A. owned 0.41% of Check Point Software Technologies worth $103,531,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Check Point Software Technologies by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,712 shares of the technology company's stock valued at $2,373,000 after buying an additional 103 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $429,000. Mercer Global Advisors Inc. ADV increased its stake in Check Point Software Technologies by 16.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,586 shares of the technology company's stock valued at $669,000 after purchasing an additional 514 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Check Point Software Technologies by 13.8% in the fourth quarter. BNP Paribas Financial Markets now owns 126,105 shares of the technology company's stock valued at $23,544,000 after purchasing an additional 15,248 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its stake in Check Point Software Technologies by 8.2% in the fourth quarter. Benjamin Edwards Inc. now owns 8,578 shares of the technology company's stock valued at $1,601,000 after purchasing an additional 651 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CHKP shares. Scotiabank lowered their price objective on shares of Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a research report on Thursday, July 31st. Mizuho increased their target price on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. UBS Group reduced their target price on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Wells Fargo & Company reduced their target price on shares of Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Finally, Cantor Fitzgerald set a $220.00 target price on shares of Check Point Software Technologies and gave the stock a "neutral" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $227.58.

Check Point Software Technologies Stock Up 1.2%

Shares of CHKP traded up $2.32 during trading hours on Friday, hitting $193.09. The company had a trading volume of 1,170,080 shares, compared to its average volume of 742,507. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 2.90 and a beta of 0.60. The business has a fifty day moving average of $202.83 and a 200-day moving average of $214.72. 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 quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate 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 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 period in the prior 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 analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Check Point Software Technologies 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.