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 shares of 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. The institutional investor purchased 1,274 shares of the technology company's stock, valued at approximately $290,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in shares of Check Point Software Technologies by 23.2% in the first quarter. Larson Financial Group LLC now owns 260 shares of the technology company's stock valued at $59,000 after buying an additional 49 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Check Point Software Technologies by 19.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock valued at $77,000 after acquiring an additional 55 shares in the last quarter. 3Chopt Investment Partners LLC raised its holdings in Check Point Software Technologies by 0.3% in the 1st quarter. 3Chopt Investment Partners LLC now owns 19,571 shares of the technology company's stock valued at $4,461,000 after acquiring an additional 56 shares during the last quarter. USS Investment Management Ltd lifted its stake in Check Point Software Technologies by 0.3% in the 1st quarter. USS Investment Management Ltd now owns 16,777 shares of the technology company's stock worth $3,825,000 after purchasing an additional 57 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in Check Point Software Technologies by 0.5% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 11,151 shares of the technology company's stock worth $2,542,000 after purchasing an additional 59 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Up 1.4%

NASDAQ:CHKP opened at $198.00 on Tuesday. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35. The firm has a market cap of $21.78 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 2.93 and a beta of 0.60. The stock has a fifty day moving average price of $199.74 and a 200 day moving average price of $213.78.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CHKP. Wells Fargo & Company cut their target price 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. Stephens reduced their price objective on shares of Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating on the stock in a report on Thursday, July 31st. Citigroup lowered their target price on shares of 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. Barclays set a $215.00 price target on shares of Check Point Software Technologies and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley lowered their price objective on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $227.58.

Check Point Software Technologies Company 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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