MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 22,070 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Check Point Software Technologies by 8.0%, acquiring an additional 22,070 shares to reach a total of 299,108 shares valued at approximately $68.17 million.
• Check Point Software Technologies reported a 6.0% increase in quarterly revenue year-over-year, meeting its earnings per share (EPS) of $2.37, slightly exceeding analysts' estimates.
• The stock has seen recent price target adjustments from various analysts, with estimates ranging from $193 to $265, reflecting a consensus average target of $227.58 and an overall "Hold" rating.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 8.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 299,108 shares of the technology company's stock after acquiring an additional 22,070 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.27% of Check Point Software Technologies worth $68,174,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CHKP. Dimensional Fund Advisors LP lifted its stake in shares of Check Point Software Technologies by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,712 shares of the technology company's stock valued at $2,373,000 after acquiring an additional 103 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Check Point Software Technologies in the 4th quarter valued at $429,000. Mercer Global Advisors Inc. ADV increased its holdings in Check Point Software Technologies by 16.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,586 shares of the technology company's stock valued at $669,000 after purchasing an additional 514 shares during the period. BNP Paribas Financial Markets increased its holdings in Check Point Software Technologies by 13.8% in the fourth quarter. BNP Paribas Financial Markets now owns 126,105 shares of the technology company's stock valued at $23,544,000 after purchasing an additional 15,248 shares during the period. Finally, Baird Financial Group Inc. increased its holdings in Check Point Software Technologies by 7.2% in the fourth quarter. Baird Financial Group Inc. now owns 10,774 shares of the technology company's stock valued at $2,012,000 after purchasing an additional 724 shares during the period. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Up 1.2%

Shares of CHKP opened at $193.09 on Friday. The stock has a market capitalization of $21.24 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 2.87 and a beta of 0.60. The firm's fifty day simple moving average is $202.83 and its two-hundred day simple moving average is $214.78. 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 issued 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 business had revenue of $665.20 million for the quarter, compared to analysts' expectations of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.17 earnings per share. 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. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Ratings Changes

CHKP has been the subject of a number of recent research reports. Stifel Nicolaus set a $200.00 price objective on Check Point Software Technologies in a report on Wednesday, July 30th. Wells Fargo & Company decreased their price objective on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Stephens decreased their price objective on Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. Morgan Stanley decreased their price objective on Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating for the company in a report on Tuesday. Finally, Jefferies Financial Group decreased their price objective on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a report on Thursday, July 31st. One investment 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 company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.