MetLife Investment Management LLC Sells 1,300 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• MetLife Investment Management LLC decreased its stake in Check Point Software Technologies by 12.4%, selling 1,300 shares, and now holds 9,200 shares valued at approximately $2,097,000.
• Check Point Software Technologies reported a quarterly earnings per share (EPS) of $2.37, slightly exceeding analysts' expectations, with a revenue increase of 6.0% year-over-year to $665.20 million.
• Institutional investors hold a significant 98.51% of Check Point's stock, indicating strong institutional backing for the company.

MetLife Investment Management LLC reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 12.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,200 shares of the technology company's stock after selling 1,300 shares during the quarter. MetLife Investment Management LLC's holdings in Check Point Software Technologies were worth $2,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Capital A Wealth Management LLC bought a new stake in Check Point Software Technologies during the 4th quarter valued at about $29,000. Horizon Investments LLC lifted its stake in shares of Check Point Software Technologies by 116.4% in the 1st 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 position in shares of Check Point Software Technologies during the 1st quarter worth $37,000. Abound Financial LLC bought a new stake in Check Point Software Technologies during the first quarter valued at about $40,000. Finally, Menard Financial Group LLC bought a new position in shares of Check Point Software Technologies during the 4th quarter valued at approximately $41,000. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $193.14 on Tuesday. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35. The company has a market cap of $21.24 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.90 and a beta of 0.60. The stock's fifty day moving average price is $205.00 and its 200 day moving average price is $215.52.

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. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The firm had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. During the same quarter in the prior year, the firm earned $2.17 earnings per share. Check Point Software Technologies's revenue for the quarter was up 6.0% on a year-over-year basis. 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. Research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CHKP shares. Wells Fargo & Company cut their price target on 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. Barclays set a $215.00 target price on shares of Check Point Software Technologies and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Jefferies Financial Group dropped their price target on shares of Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Cantor Fitzgerald set a $220.00 target price on Check Point Software Technologies and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus set a $200.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $228.50.

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.

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