J. Safra Sarasin Holding AG Has $8.89 Million Position in Check Point Software Technologies Ltd. $CHKP

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Check Point Software Technologies Ltd. by 34.2%, holding 40,180 shares valued at approximately $8.89 million as of the end of the last quarter.
• Several equities analysts have adjusted their price targets for Check Point shares, with a consensus rating of "Hold" and an average price target of $227.42.
• Check Point posted a quarterly earnings per share (EPS) of $2.37, slightly exceeding estimates and representing a 6.0% year-over-year revenue increase to $665.2 million.

J. Safra Sarasin Holding AG lessened its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 34.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 40,180 shares of the technology company's stock after selling 20,878 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Check Point Software Technologies were worth $8,890,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CHKP. Horizon Investments LLC raised its position 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 purchasing an additional 85 shares during the period. Cromwell Holdings LLC purchased a new stake in Check Point Software Technologies during the 1st quarter worth about $37,000. Abound Financial LLC purchased a new position in shares of Check Point Software Technologies during the 1st quarter valued at $40,000. TruNorth Capital Management LLC bought a new stake in Check Point Software Technologies during the first quarter valued at approximately $45,000. Finally, Summit Securities Group LLC purchased a new stake in Check Point Software Technologies in the first quarter worth approximately $49,000. 98.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Scotiabank lowered their price objective on shares of Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a research note on Thursday, July 31st. Jefferies Financial Group cut their price objective on shares of Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Mizuho lifted their price target on Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Wells Fargo & Company dropped their price target on shares of 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. Finally, Stifel Nicolaus set a $200.00 target price on shares of Check Point Software Technologies in a report on Wednesday, July 30th. One 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $227.42.

Check Point Software Technologies Stock Up 0.4%

Shares of CHKP stock opened at $204.97 on Friday. The firm has a market cap of $22.54 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 3.07 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 company's 50 day moving average is $194.74 and its 200 day moving average is $212.01.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $663.10 million. During the same quarter in the prior year, the company posted $2.17 earnings per share. The company'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. Analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS 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.

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