Northwest & Ethical Investments L.P. Raises Position in Check Point Software Technologies Ltd. $CHKP

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Check Point Software Technologies by 42.0% during the first quarter, owning a total of 11,053 shares valued at approximately $2.5 million.
• A majority of institutional investors and hedge funds (98.51%) have influenced changes in Check Point's stock, with multiple firms boosting or acquiring new stakes recently.
• Research firms have lowered target prices for Check Point shares, with a consensus rating of "Moderate Buy" and an average price target of $228.50.

Northwest & Ethical Investments L.P. increased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 42.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,053 shares of the technology company's stock after buying an additional 3,268 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Check Point Software Technologies were worth $2,519,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in Check Point Software Technologies by 184.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 57,690 shares of the technology company's stock worth $13,149,000 after buying an additional 37,407 shares during the period. Sowell Financial Services LLC bought a new position in Check Point Software Technologies in the 1st quarter worth approximately $301,000. QRG Capital Management Inc. boosted its holdings in Check Point Software Technologies by 19.1% in the 1st quarter. QRG Capital Management Inc. now owns 2,442 shares of the technology company's stock worth $557,000 after buying an additional 391 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Check Point Software Technologies by 15.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,937 shares of the technology company's stock worth $899,000 after buying an additional 541 shares during the period. Finally, Penserra Capital Management LLC boosted its holdings in Check Point Software Technologies by 5.6% in the 1st quarter. Penserra Capital Management LLC now owns 393,212 shares of the technology company's stock worth $89,620,000 after buying an additional 20,812 shares during the period. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Up 1.1%

Shares of Check Point Software Technologies stock traded up $2.01 on Friday, hitting $190.42. 668,144 shares of the company traded hands, compared to its average volume of 1,289,925. The firm's 50-day simple moving average is $208.50 and its 200 day simple moving average is $216.66. The company has a market cap of $20.94 billion, a P/E ratio of 24.79, a P/E/G ratio of 2.86 and a beta of 0.59. 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 posted its quarterly earnings data 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. The firm 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% on a year-over-year basis. During the same quarter last year, the company posted $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. Analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analysts Set New Price Targets

CHKP has been the subject of several analyst reports. Royal Bank Of Canada cut their price objective on shares of Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating for the company in a report on Thursday, July 31st. Wells Fargo & Company lowered 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. Jefferies Financial Group lowered their target price on shares of Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Scotiabank lowered 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 note on Thursday, July 31st. Finally, Barclays set a $215.00 target price on shares of Check Point Software Technologies and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $228.50.

About Check Point Software Technologies

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.