Federation des caisses Desjardins du Quebec Grows Stock Holdings in Check Point Software Technologies Ltd. $CHKP

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Check Point Software Technologies by 46.9%, bringing its total holdings to 11,867 shares worth approximately $2.7 million.
• Check Point reported earnings per share of $2.37 for the latest quarter, slightly exceeding analysts' expectations, and set FY 2025 guidance between $9.600-10.200 EPS.
• Analysts are divided on CHKP's outlook, with targets ranging from $200 to $260, and a consensus rating of "Hold" with an average price target of $227.58.

Federation des caisses Desjardins du Quebec grew its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 46.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,867 shares of the technology company's stock after buying an additional 3,791 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Check Point Software Technologies were worth $2,705,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vident Advisory LLC grew its stake in shares of Check Point Software Technologies by 121.2% during the first quarter. Vident Advisory LLC now owns 241,994 shares of the technology company's stock valued at $55,155,000 after buying an additional 132,577 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ grew its stake in shares of Check Point Software Technologies by 1.0% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 20,316 shares of the technology company's stock valued at $4,630,000 after buying an additional 198 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Check Point Software Technologies by 42.2% during the first quarter. BNP Paribas Financial Markets now owns 179,309 shares of the technology company's stock worth $40,868,000 after purchasing an additional 53,204 shares during the period. Earnest Partners LLC boosted its holdings in shares of Check Point Software Technologies by 3.1% during the first quarter. Earnest Partners LLC now owns 688,715 shares of the technology company's stock worth $156,972,000 after purchasing an additional 20,851 shares during the period. Finally, Wealth Preservation Advisors LLC purchased a new stake in shares of Check Point Software Technologies during the first quarter worth about $184,000. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Down 1.6%

Shares of CHKP stock traded down $3.13 on Wednesday, reaching $193.44. The company's stock had a trading volume of 213,889 shares, compared to its average volume of 916,280. The stock's fifty day simple moving average is $201.85 and its 200-day simple moving average is $214.43. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35. The company has a market capitalization of $21.27 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 2.96 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The firm had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. During the same period last year, the firm posted $2.17 earnings per share. Check Point Software Technologies's revenue for the quarter was up 6.0% compared to the same quarter last year. 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 research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CHKP. Wall Street Zen upgraded shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Morgan Stanley lowered their price objective on shares of 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. Scotiabank lowered their target price on shares of Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a report on Thursday, July 31st. Stifel Nicolaus set a $200.00 target price on shares of Check Point Software Technologies in a report on Wednesday, July 30th. Finally, Jefferies Financial Group reduced their price target on shares of Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a research report 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. Based on data from MarketBeat, Check Point Software Technologies has a consensus rating of "Hold" and an average target price of $227.58.

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.