Ethic Inc. Sells 1,374 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Ethic Inc. reduced its holdings in Check Point Software Technologies by 6.7%, selling 1,374 shares and owning a total of 19,069 shares valued at $4,402,000.
• Check Point Software reported earnings per share (EPS) of $2.37, slightly exceeding analysts' expectations, with a revenue increase of 6.0% year-over-year.
• Doctoring price targets, analysts have expressed varying ratings for Check Point, with a consensus target price of $228.08 and a general rating of "Moderate Buy."

Ethic Inc. lowered its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,069 shares of the technology company's stock after selling 1,374 shares during the period. Ethic Inc.'s holdings in Check Point Software Technologies were worth $4,402,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CHKP. Capital A Wealth Management LLC purchased a new position in Check Point Software Technologies in the fourth quarter worth $29,000. Horizon Investments LLC boosted its position in Check Point Software Technologies by 116.4% in the first quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock worth $36,000 after purchasing an additional 85 shares during the last quarter. Cromwell Holdings LLC purchased a new position in Check Point Software Technologies in the first quarter worth $37,000. Quarry LP boosted its position in Check Point Software Technologies by 100.0% in the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after purchasing an additional 103 shares during the last quarter. Finally, Abound Financial LLC purchased a new position in Check Point Software Technologies in the first quarter worth $40,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

NASDAQ CHKP traded down $0.88 during trading on Thursday, reaching $188.41. The company's stock had a trading volume of 616,997 shares, compared to its average volume of 934,848. The stock 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 firm has a fifty day moving average of $209.76 and a 200 day moving average of $216.96. 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 announced its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.01. The business 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 company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period 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. Research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CHKP shares. Royal Bank Of Canada dropped their price target on Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 31st. Jefferies Financial Group dropped their price target on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. BMO Capital Markets reaffirmed an "outperform" rating and set a $250.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, April 23rd. Citigroup dropped 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 report on Monday. Finally, Wells Fargo & Company cut 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to MarketBeat, Check Point Software Technologies currently has an average rating of "Hold" and an average target price of $228.50.

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.