Farther Finance Advisors LLC Has $2.64 Million Holdings in Check Point Software Technologies Ltd. $CHKP

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 boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 125.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,937 shares of the technology company's stock after buying 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 reporting period.

Several other large investors have also bought and sold shares of the business. Redhawk Wealth Advisors Inc. acquired a new stake in Check Point Software Technologies in the second quarter valued at about $1,672,000. Contravisory Investment Management Inc. boosted its stake in Check Point Software Technologies by 1.2% in the second quarter. Contravisory Investment Management Inc. now owns 4,693 shares of the technology company's stock valued at $1,038,000 after buying an additional 55 shares in the last quarter. Fulton Bank N.A. boosted its stake in Check Point Software Technologies by 3.2% in the second quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company's stock valued at $330,000 after buying an additional 46 shares in the last quarter. Swedbank AB boosted its stake in shares of Check Point Software Technologies by 0.3% during the second quarter. Swedbank AB now owns 429,981 shares of the technology company's stock valued at $95,133,000 after purchasing an additional 1,335 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake 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 owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHKP has been the topic of a number of recent research reports. Stephens cut their price target 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. Citigroup cut 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 note on Monday, August 18th. UBS Group cut their price target on Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Mizuho lifted their price target on Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Finally, Jefferies Financial Group cut 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 note 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 issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $227.58.

Check Point Software Technologies Stock Up 0.8%

NASDAQ CHKP opened at $197.79 on Monday. The company has a market cap of $21.75 billion, a price-to-earnings ratio of 25.75, a P/E/G ratio of 2.98 and a beta of 0.60. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The business has a 50 day moving average price of $197.65 and a 200-day moving average price of $213.09.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate 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 return on equity of 33.21% and a net margin of 32.48%.The company's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company 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. On average, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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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