Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 2,904 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Check Point Software Technologies Ltd. by 4.4%, owning approximately 0.06% of the company valued at $15.56 million as of the last quarter.
• Check Point Software Technologies reported a quarterly earnings per share of $2.37, slightly beating the consensus estimate, and its revenue grew by 6% compared to the same quarter last year.
• Multiple analysts have adjusted their price targets for Check Point's stock, with averages dropping to about $228.08, indicating a "Moderate Buy" sentiment among investment analysts.

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 4.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,253 shares of the technology company's stock after purchasing an additional 2,904 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned about 0.06% of Check Point Software Technologies worth $15,556,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. National Pension Service boosted its position in Check Point Software Technologies by 49.2% during the first quarter. National Pension Service now owns 393,586 shares of the technology company's stock worth $89,706,000 after purchasing an additional 129,829 shares during the period. Prudential PLC bought a new stake in Check Point Software Technologies during the first quarter worth approximately $1,143,000. HighTower Advisors LLC boosted its position in Check Point Software Technologies by 0.3% during the first quarter. HighTower Advisors LLC now owns 60,998 shares of the technology company's stock worth $13,903,000 after purchasing an additional 196 shares during the period. Core Wealth Partners LLC bought a new stake in Check Point Software Technologies during the first quarter worth approximately $228,000. Finally, Public Sector Pension Investment Board boosted its position in Check Point Software Technologies by 8.7% during the first quarter. Public Sector Pension Investment Board now owns 43,936 shares of the technology company's stock worth $10,014,000 after purchasing an additional 3,500 shares during the period. Institutional investors own 98.51% of the company's stock.

Analyst Upgrades and Downgrades

CHKP has been the subject of several research reports. BMO Capital Markets reissued an "outperform" rating and issued a $250.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, April 23rd. Wells Fargo & Company reduced their price objective on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Royal Bank Of Canada reduced their price objective on Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating for the company in a research report on Thursday, July 31st. Cantor Fitzgerald set a $220.00 price objective on Check Point Software Technologies and gave the company a "neutral" rating in a research report on Thursday, July 31st. Finally, Scotiabank reduced their price objective on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a research report on Thursday, July 31st. One 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $228.50.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP traded up $1.29 during trading hours on Wednesday, reaching $189.29. The stock had a trading volume of 776,262 shares, compared to its average volume of 1,286,675. The business's fifty day moving average is $209.76 and its two-hundred day moving average is $216.96. The company has a market cap of $20.82 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.83 and a beta of 0.59. Check Point Software Technologies Ltd. has a twelve month low of $169.01 and a twelve month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating 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 return on equity of 33.21% and a net margin of 32.48%.Check Point Software Technologies's revenue was up 6.0% on a year-over-year basis. During the same period in the prior 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. Sell-side analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal 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.