Check Point Software Technologies Ltd. $CHKP Shares Sold by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC significantly reduced its stake in Check Point Software Technologies by 88.7%, now holding 2,733 shares worth $623,000.
• Several hedge funds have increased their positions in Check Point Software Technologies, with notable boosts from Victory Capital Management (2,704.5%) and Bessemer Group Inc. (5,396.1%).
• Recent analyst reports have generally lowered price targets for Check Point, with an average target now at $228.50 and ratings ranging from "Strong Buy" to "Hold."

Evergreen Capital Management LLC decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 88.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,733 shares of the technology company's stock after selling 21,478 shares during the period. Evergreen Capital Management LLC's holdings in Check Point Software Technologies were worth $623,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Lansforsakringar Fondforvaltning AB publ lifted its stake in Check Point Software Technologies by 1.0% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 20,316 shares of the technology company's stock worth $4,630,000 after acquiring an additional 198 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Check Point Software Technologies by 42.2% during the 1st quarter. BNP Paribas Financial Markets now owns 179,309 shares of the technology company's stock worth $40,868,000 after acquiring an additional 53,204 shares in the last quarter. Earnest Partners LLC lifted its stake in Check Point Software Technologies by 3.1% during the 1st quarter. Earnest Partners LLC now owns 688,715 shares of the technology company's stock worth $156,972,000 after acquiring an additional 20,851 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new position in Check Point Software Technologies during the 1st quarter worth about $184,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in Check Point Software Technologies during the 1st quarter worth about $106,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stephens decreased their target price 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. Cantor Fitzgerald set a $220.00 price target on Check Point Software Technologies and gave the company a "neutral" rating in a research report on Thursday, July 31st. Wells Fargo & Company reduced their price target on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Scotiabank reduced 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 report on Thursday, July 31st. Finally, Wall Street Zen raised Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. One research 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 stock. According to MarketBeat, Check Point Software Technologies has an average rating of "Hold" and an average target price of $227.58.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP traded down $0.70 during midday trading on Thursday, hitting $190.77. 645,199 shares of the company's stock were exchanged, compared to its average volume of 921,768. Check Point Software Technologies Ltd. has a twelve month low of $169.01 and a twelve month high of $234.35. The company has a market cap of $20.98 billion, a PE ratio of 24.84, a P/E/G ratio of 2.90 and a beta of 0.60. The firm's fifty day simple moving average is $203.86 and its 200-day simple moving average is $215.18.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The business had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. During the same quarter last year, the company earned $2.17 EPS. The business's quarterly revenue was up 6.0% on a year-over-year basis. 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. Equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

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.