Public Employees Retirement System of Ohio Sells 23,254 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• The Public Employees Retirement System of Ohio reduced its holdings in Check Point Software Technologies by 14.9%, selling 23,254 shares during the second quarter.
• Check Point Software Technologies reported a Quarterly EPS of $2.37, slightly exceeding analysts' expectations, and projected FY 2025 EPS guidance of 9.600-10.200.
• Institutional investors own approximately 98.51% of Check Point Software Technologies' stock, reflecting strong interest from major funds.

Public Employees Retirement System of Ohio cut its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 14.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,320 shares of the technology company's stock after selling 23,254 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.12% of Check Point Software Technologies worth $29,276,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in CHKP. Victory Capital Management Inc. raised its stake in shares of Check Point Software Technologies by 2,704.5% in 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 buying an additional 1,258,034 shares during the period. Invesco Ltd. raised its stake in shares of Check Point Software Technologies by 737.5% during the 1st quarter. Invesco Ltd. now owns 982,986 shares of the technology company's stock valued at $224,042,000 after purchasing an additional 865,608 shares during the period. Bessemer Group Inc. raised its stake in shares of Check Point Software Technologies by 5,396.1% during the 1st quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company's stock valued at $150,081,000 after purchasing an additional 646,504 shares during the period. Westfield Capital Management Co. LP raised its stake in shares of Check Point Software Technologies by 214.6% during the 1st quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company's stock valued at $197,086,000 after purchasing an additional 589,816 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Check Point Software Technologies by 43.5% during the 1st 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. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Up 1.1%

Check Point Software Technologies stock opened at $203.34 on Thursday. The business has a 50-day simple moving average of $196.61 and a 200 day simple moving average of $212.74. 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 cap of $22.36 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 3.03 and a beta of 0.60.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The firm had revenue of $665.20 million during the quarter, compared to analysts' expectations of $663.10 million. During the same period in the prior year, the business earned $2.17 EPS. The company'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. On average, research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CHKP shares. Royal Bank Of Canada decreased their price objective on Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating on the stock in a research note 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 on the stock in a research note on Thursday, July 31st. Mizuho boosted their price objective on Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. UBS Group decreased their price objective on Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Finally, Stifel Nicolaus set a $200.00 price objective on Check Point Software Technologies in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, Check Point Software Technologies has an average rating of "Hold" and a consensus price target of $227.42.

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.

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