Martin Investment Management LLC Has $36.48 Million Position in Check Point Software Technologies Ltd. $CHKP

Key Points

• Martin Investment Management LLC increased its stake in Check Point Software Technologies by 2.2%, owning 160,042 shares valued at approximately $36.48 million, representing 9.2% of its investment portfolio.
• Check Point reported an EPS of $2.37 for the last quarter, exceeding analysts' estimates, with revenue increasing by 6.0% year-over-year to $665.2 million.
• Analysts have adjusted their price targets for Check Point, with a consensus price target now at $228.50 and a general rating averaging "Hold."

Martin Investment Management LLC grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,042 shares of the technology company's stock after acquiring an additional 3,490 shares during the period. Check Point Software Technologies accounts for 9.2% of Martin Investment Management LLC's portfolio, making the stock its largest holding. Martin Investment Management LLC owned 0.15% of Check Point Software Technologies worth $36,477,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter worth $29,000. Horizon Investments LLC increased its stake in shares of Check Point Software Technologies by 116.4% in 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 in the last quarter. Cromwell Holdings LLC purchased a new stake in shares of Check Point Software Technologies in the first quarter worth $37,000. Abound Financial LLC purchased a new stake in shares of Check Point Software Technologies in the first quarter worth $40,000. Finally, TruNorth Capital Management LLC purchased a new stake in shares of Check Point Software Technologies in the first quarter worth $45,000. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Down 0.2%

CHKP traded down $0.32 during trading on Tuesday, hitting $187.41. 179,930 shares of the company traded hands, compared to its average volume of 927,914. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35. The stock's 50-day simple moving average is $207.83 and its two-hundred day simple moving average is $216.49. The company has a market cap of $20.61 billion, a PE ratio of 24.41, a P/E/G ratio of 2.86 and a beta of 0.59.

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. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. During the same quarter last year, the business earned $2.17 earnings per share. Check Point Software Technologies's quarterly revenue 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 analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company reduced their price objective on shares of Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Citigroup reduced their price objective on shares of Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Stephens reduced their price objective on shares of Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald set a $220.00 target price on shares of Check Point Software Technologies and gave the company a "neutral" rating in a research note 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's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $228.50.

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.