Meyer Handelman Co. Purchases 1,500 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Meyer Handelman Co. increased its position in Check Point Software Technologies by 3.3%, acquiring an additional 1,500 shares to reach a total of 46,739 shares valued at approximately $10.34 million.
• Analysts have adjusted their price targets for Check Point Software Technologies, with the average target price set at $227.42 and a consensus rating of "Hold."
• Check Point Software Technologies reported a 6% year-over-year revenue growth of $665.20 million for the last quarter, exceeding consensus estimates, while also achieving an EPS of $2.37.

Meyer Handelman Co. increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,739 shares of the technology company's stock after acquiring an additional 1,500 shares during the quarter. Meyer Handelman Co.'s holdings in Check Point Software Technologies were worth $10,341,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its stake in shares of Check Point Software Technologies by 2.5% in the 4th quarter. Mackenzie Financial Corp now owns 20,730 shares of the technology company's stock valued at $3,870,000 after purchasing an additional 506 shares during the last quarter. Siemens Fonds Invest GmbH bought a new position in Check Point Software Technologies in the fourth quarter valued at approximately $1,373,000. Centaurus Financial Inc. grew its holdings in Check Point Software Technologies by 48.5% during the 4th quarter. Centaurus Financial Inc. now owns 3,777 shares of the technology company's stock worth $705,000 after acquiring an additional 1,234 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $3,756,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Check Point Software Technologies by 2.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,136 shares of the technology company's stock valued at $959,000 after purchasing an additional 144 shares during the period. 98.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CHKP shares. Royal Bank Of Canada decreased their price objective on Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating for the company in a research note on Thursday, July 31st. Morgan Stanley decreased their target price 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. Cantor Fitzgerald set a $220.00 price target on Check Point Software Technologies and gave the company a "neutral" rating 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 on the stock in a research note on Thursday, July 31st. Finally, Scotiabank lowered their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $227.42.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $203.62 on Friday. The business's 50-day simple moving average is $196.33 and its 200-day simple moving average is $212.59. Check Point Software Technologies Ltd. has a fifty-two week low of $169.01 and a fifty-two week high of $234.35. The stock has a market capitalization of $22.39 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 3.06 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, topping 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 period last year, the company posted $2.17 EPS. The business's quarterly revenue 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. On average, research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

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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