Inspire Investing LLC Acquires 1,743 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Inspire Investing LLC increased its holdings in Check Point Software Technologies by 19.5%, acquiring an additional 1,743 shares during the second quarter, bringing its total to 10,703 shares valued at approximately $2.37 million.
• Several institutional investors have also recently modified their stakes in Check Point, with notable increases from Horizon Investments LLC, which grew its holdings by 116.4%.
• Check Point Software Technologies reported a quarterly earnings per share of $2.37, beating expectations, and has set its fiscal year 2025 guidance at 9.600-10.200 EPS.

Inspire Investing LLC grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 19.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,703 shares of the technology company's stock after acquiring an additional 1,743 shares during the quarter. Inspire Investing LLC's holdings in Check Point Software Technologies were worth $2,368,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Horizon Investments LLC grew its holdings in shares of Check Point Software Technologies by 116.4% during the first quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock worth $36,000 after buying an additional 85 shares in the last quarter. Cromwell Holdings LLC bought a new position in shares of Check Point Software Technologies during the first quarter worth about $37,000. Abound Financial LLC bought a new position in shares of Check Point Software Technologies during the first quarter worth about $40,000. TruNorth Capital Management LLC bought a new position in shares of Check Point Software Technologies during the first quarter worth about $45,000. Finally, Summit Securities Group LLC bought a new position in shares of Check Point Software Technologies during the first quarter worth about $49,000. 98.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Jefferies Financial Group decreased their price objective on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. reduced their price target on Check Point Software Technologies from $257.00 to $251.00 and set an "overweight" rating for the company in a research report on Wednesday, September 24th. 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 research report on Tuesday, September 2nd. Royal Bank Of Canada reduced their price target 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. Finally, Mizuho increased their price target on Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $226.79.

Check Point Software Technologies Stock Down 1.3%

CHKP opened at $195.56 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35. The stock has a market cap of $21.51 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 2.98 and a beta of 0.60. The business has a 50 day moving average of $194.33 and a 200-day moving average of $210.78.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly 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. The business had revenue of $665.20 million during the quarter, compared to analysts' expectations of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $2.17 EPS. 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. As a group, analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current 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.

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