Check Point Software Technologies Ltd. $CHKP Shares Purchased by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors LLC increased its stake in Check Point Software Technologies by 125.2%, now holding 11,937 shares valued at approximately $2.64 million.
• Multiple large investors have also increased their investments in Check Point, with 98.51% of the company's stock now owned by institutional investors and hedge funds.
• Check Point Software Technologies reported a quarterly EPS of $2.37, exceeding expectations, and anticipates a full-year EPS guidance of 9.600-10.200 for FY 2025.

Farther Finance Advisors LLC grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 125.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,937 shares of the technology company's stock after purchasing an additional 6,637 shares during the quarter. Farther Finance Advisors LLC's holdings in Check Point Software Technologies were worth $2,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. bought a new position in Check Point Software Technologies in the second quarter valued at approximately $1,672,000. Contravisory Investment Management Inc. lifted its stake in Check Point Software Technologies by 1.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 4,693 shares of the technology company's stock valued at $1,038,000 after purchasing an additional 55 shares during the last quarter. Fulton Bank N.A. increased its position in shares of Check Point Software Technologies by 3.2% during the second quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company's stock worth $330,000 after buying an additional 46 shares during the period. Swedbank AB lifted its stake in shares of Check Point Software Technologies by 0.3% in the second quarter. Swedbank AB now owns 429,981 shares of the technology company's stock valued at $95,133,000 after buying an additional 1,335 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Check Point Software Technologies by 6.0% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,183 shares of the technology company's stock valued at $2,474,000 after purchasing an additional 629 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock traded up $3.30 during trading hours on Monday, reaching $201.09. The stock had a trading volume of 767,985 shares, compared to its average volume of 700,716. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The stock has a market cap of $22.12 billion, a PE ratio of 26.18, a PEG ratio of 2.98 and a beta of 0.60. The company has a fifty day simple moving average of $197.26 and a 200-day simple moving average of $212.89.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly 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 during 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 business posted $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. Research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CHKP. Citigroup reduced their target price 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, August 18th. Scotiabank lowered their target price on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating on the stock in a research note on Thursday, July 31st. Morgan Stanley reduced their price target on Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating for the company in a report on Tuesday, September 2nd. Stephens reduced their price objective on Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. Finally, Wells Fargo & Company decreased their price objective on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. One 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $227.58.

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.