Ninety One UK Ltd Grows Position in Check Point Software Technologies Ltd. $CHKP

Key Points

• Ninety One UK Ltd has increased its holdings in Check Point Software Technologies by 2.6% in Q2, totaling approximately $573.65 million in assets.
• Check Point's stock has received mixed ratings from analysts, with a consensus rating of "Hold" and an average price target of $227.42.
• The company reported Q2 earnings of $2.37 per share, slightly exceeding expectations, along with a 6% increase in revenue year-over-year.

Ninety One UK Ltd grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,592,778 shares of the technology company's stock after acquiring an additional 64,745 shares during the quarter. Check Point Software Technologies comprises 1.3% of Ninety One UK Ltd's investment portfolio, making the stock its 19th largest position. Ninety One UK Ltd owned about 2.36% of Check Point Software Technologies worth $573,652,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CHKP. Horizon Investments LLC lifted its position in Check Point Software Technologies by 116.4% during the first quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock valued at $36,000 after purchasing an additional 85 shares during the last quarter. Cromwell Holdings LLC bought a new stake in shares of Check Point Software Technologies during the 1st quarter worth $37,000. Abound Financial LLC purchased a new position in Check Point Software Technologies in the first quarter worth $40,000. TruNorth Capital Management LLC bought a new position in Check Point Software Technologies in the first quarter valued at $45,000. Finally, Summit Securities Group LLC bought a new position in Check Point Software Technologies in the first quarter valued at $49,000. 98.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald set a $220.00 price objective on Check Point Software Technologies and gave the stock a "neutral" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. cut their target price on Check Point Software Technologies from $257.00 to $251.00 and set an "overweight" rating for the company in a research note on Wednesday, September 24th. Stephens decreased their price target on shares of 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. Jefferies Financial Group cut their price objective 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. Finally, Scotiabank decreased their target price on shares of Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating on the stock in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of "Hold" and a consensus price target of $227.42.

Check Point Software Technologies Stock Performance

CHKP opened at $206.91 on Wednesday. The stock's 50 day moving average price is $195.46 and its 200-day moving average price is $212.24. Check Point Software Technologies Ltd. has a 52-week low of $169.01 and a 52-week high of $234.35. The stock has a market capitalization of $22.76 billion, a PE ratio of 26.94, a price-to-earnings-growth ratio of 3.10 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating 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 business had revenue of $665.20 million for the quarter, compared to analysts' expectations of $663.10 million. During the same quarter in the previous year, the business posted $2.17 earnings per share. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. 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 forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

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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