Redhawk Wealth Advisors Inc. Buys Shares of 7,555 Check Point Software Technologies Ltd. $CHKP

Key Points

• Redhawk Wealth Advisors Inc. invested $1.67 million in Check Point Software Technologies, acquiring 7,555 shares during the second quarter.
• Analysts have lowered price targets for Check Point Software Technologies, with the average target currently at $227.58, while maintaining various ratings including "Neutral" and "Overweight".
• Check Point reported quarterly earnings of $2.37 EPS, exceeding estimates, with revenue of $665.2 million, marking a 6% year-over-year growth.

Redhawk Wealth Advisors Inc. bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,555 shares of the technology company's stock, valued at approximately $1,672,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. lifted its stake in shares of Check Point Software Technologies by 1.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 4,693 shares of the technology company's stock valued at $1,038,000 after acquiring an additional 55 shares during the last quarter. Fulton Bank N.A. lifted its stake in shares of Check Point Software Technologies by 3.2% in the 2nd quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company's stock valued at $330,000 after acquiring an additional 46 shares during the last quarter. Swedbank AB lifted its stake in shares of Check Point Software Technologies by 0.3% in the 2nd quarter. Swedbank AB now owns 429,981 shares of the technology company's stock valued at $95,133,000 after acquiring an additional 1,335 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Check Point Software Technologies by 6.0% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,183 shares of the technology company's stock valued at $2,474,000 after acquiring an additional 629 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its stake in shares of Check Point Software Technologies by 5.2% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company's stock valued at $244,000 after acquiring an additional 55 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHKP. Wells Fargo & Company dropped their price target 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. Morgan Stanley lowered their target price on 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. Scotiabank lowered their target price on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a research report on Thursday, July 31st. Stephens lowered their target price on Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating for the company in a research report on Thursday, July 31st. Finally, Cantor Fitzgerald set a $220.00 target price on Check Point Software Technologies and gave the stock a "neutral" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat, Check Point Software Technologies has a consensus rating of "Hold" and a consensus price target of $227.58.

Check Point Software Technologies Stock Performance

Shares of CHKP stock traded up $3.30 during mid-day trading on Monday, hitting $201.09. The company's stock had a trading volume of 767,985 shares, compared to its average volume of 700,716. The company's fifty day simple moving average is $197.26 and its 200-day simple moving average is $212.89. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The company has a market cap of $22.12 billion, a PE ratio of 26.18, a P/E/G ratio of 2.98 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 for the quarter, topping the consensus estimate 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 analyst estimates of $663.10 million. During the same period last year, the company posted $2.17 EPS. The business's quarterly revenue was up 6.0% on a year-over-year basis. 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, equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

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.