Maverick Capital Ltd. Has $1.44 Million Stake in Check Point Software Technologies Ltd. $CHKP

Key Points

• Maverick Capital Ltd. reduced its holdings in Check Point Software Technologies by 32%, owning 6,330 shares worth $1,443,000 after selling 2,980 shares.
• Other institutional investors, including Assenagon Asset Management, also increased their positions, with Assenagon raising its stake by 184.4% during the same quarter.
• Wall Street analysts have adjusted price targets for Check Point, with a consensus target of $228.50, reflecting a mix of ratings, including one Strong Buy, eleven Buy, and fifteen Hold ratings.

Maverick Capital Ltd. trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 32.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,330 shares of the technology company's stock after selling 2,980 shares during the quarter. Maverick Capital Ltd.'s holdings in Check Point Software Technologies were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CHKP. Larson Financial Group LLC increased its holdings in Check Point Software Technologies by 23.2% during the 1st quarter. Larson Financial Group LLC now owns 260 shares of the technology company's stock valued at $59,000 after purchasing an additional 49 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Check Point Software Technologies by 19.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock valued at $77,000 after buying an additional 55 shares during the last quarter. 3Chopt Investment Partners LLC raised its holdings in shares of Check Point Software Technologies by 0.3% in the first quarter. 3Chopt Investment Partners LLC now owns 19,571 shares of the technology company's stock valued at $4,461,000 after buying an additional 56 shares during the last quarter. Cable Hill Partners LLC raised its holdings in shares of Check Point Software Technologies by 4.1% in the first quarter. Cable Hill Partners LLC now owns 1,563 shares of the technology company's stock valued at $343,000 after buying an additional 61 shares during the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of Check Point Software Technologies by 4.3% in the first quarter. Independent Advisor Alliance now owns 1,491 shares of the technology company's stock valued at $340,000 after buying an additional 61 shares during the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Down 0.4%

Shares of CHKP stock traded down $0.70 on Thursday, reaching $190.77. The company had a trading volume of 645,199 shares, compared to its average volume of 921,768. The stock has a market cap of $20.98 billion, a PE ratio of 24.84, a PEG ratio of 2.90 and a beta of 0.60. The company has a 50-day moving average of $203.86 and a 200-day moving average of $215.18. Check Point Software Technologies Ltd. has a 12 month low of $169.01 and a 12 month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly 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 company 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%.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 business 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. Sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CHKP. Stifel Nicolaus set a $200.00 price target on Check Point Software Technologies in a report on Wednesday, July 30th. Citigroup cut their price target on Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Barclays set a $215.00 price target on Check Point Software Technologies and gave the company an "equal weight" rating in a report on Thursday, July 31st. Mizuho lifted their price objective 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. Finally, Wall Street Zen upgraded shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. One investment 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. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $227.58.

Check Point Software Technologies 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.