Modern Wealth Management LLC Takes $290,000 Position in Check Point Software Technologies Ltd. $CHKP

Key Points

• Modern Wealth Management LLC has invested approximately $290,000 in Check Point Software Technologies Ltd., acquiring 1,274 shares in the first quarter.
• Check Point's earnings report showed $2.37 EPS for the latest quarter, surpassing analyst expectations, with a year-over-year revenue increase of 6.0%.
• Institutional investors own around 98.51% of Check Point's stock, indicating strong interest in the company from hedge funds and other investors.

Modern Wealth Management LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,274 shares of the technology company's stock, valued at approximately $290,000.

Several other large investors also recently modified their holdings of CHKP. Ameriprise Financial Inc. grew its holdings in Check Point Software Technologies by 28.1% during the first quarter. Ameriprise Financial Inc. now owns 1,830,874 shares of the technology company's stock valued at $417,280,000 after purchasing an additional 401,150 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Check Point Software Technologies by 2.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company's stock valued at $384,591,000 after purchasing an additional 46,713 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Check Point Software Technologies by 43.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company's stock valued at $338,168,000 after purchasing an additional 450,099 shares during the period. Victory Capital Management Inc. raised its position in Check Point Software Technologies by 2,704.5% during the first quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company's stock valued at $297,333,000 after purchasing an additional 1,258,034 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of Check Point Software Technologies by 737.5% in the first quarter. Invesco Ltd. now owns 982,986 shares of the technology company's stock worth $224,042,000 after buying an additional 865,608 shares during the period. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Performance

NASDAQ CHKP traded up $1.55 during mid-day trading on Friday, reaching $197.79. 2,200,945 shares of the stock were exchanged, compared to its average volume of 624,075. Check Point Software Technologies Ltd. has a 1-year low of $169.01 and a 1-year high of $234.35. The stock has a market capitalization of $21.75 billion, a PE ratio of 25.75, a PEG ratio of 2.95 and a beta of 0.60. The business's fifty day simple moving average is $197.65 and its 200 day simple moving average is $213.22.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.01. The company had revenue of $665.20 million during the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. On average, analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CHKP shares. Stephens dropped their price objective on Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 31st. Citigroup reduced their target price on 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. Morgan Stanley cut their price target on Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 2nd. Stifel Nicolaus set a $200.00 price objective on Check Point Software Technologies in a report on Wednesday, July 30th. Finally, Wells Fargo & Company decreased their target price 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. One equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.