Redhawk Wealth Advisors Inc. Makes New Investment in 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. acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,555 shares of the technology company's stock, valued at approximately $1,672,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Snowden Capital Advisors LLC lifted its stake in Check Point Software Technologies by 36.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 2,261 shares of the technology company's stock valued at $422,000 after buying an additional 609 shares during the period. Two Sigma Advisers LP grew its holdings in Check Point Software Technologies by 1.1% during the 4th quarter. Two Sigma Advisers LP now owns 17,600 shares of the technology company's stock valued at $3,286,000 after buying an additional 200 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Check Point Software Technologies during the 4th quarter valued at about $15,163,000. Worldquant Millennium Advisors LLC lifted its position in Check Point Software Technologies by 21.9% in the 4th quarter. Worldquant Millennium Advisors LLC now owns 50,029 shares of the technology company's stock worth $9,340,000 after buying an additional 8,994 shares during the last quarter. Finally, USS Investment Management Ltd lifted its position in Check Point Software Technologies by 9.7% in the fourth quarter. USS Investment Management Ltd now owns 16,720 shares of the technology company's stock valued at $3,124,000 after purchasing an additional 1,472 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CHKP shares. Morgan Stanley lowered their price target on Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 2nd. Stephens dropped their price target 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. Wells Fargo & Company lowered their price objective on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. Mizuho raised their price target 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. Finally, Jefferies Financial Group lowered their price objective on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. One equities 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. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $227.58.

Check Point Software Technologies Price Performance

NASDAQ CHKP traded up $2.26 during trading hours on Monday, hitting $200.05. The company's stock had a trading volume of 236,116 shares, compared to its average volume of 909,563. The company's 50 day simple moving average is $197.65 and its two-hundred day simple moving average is $213.09. Check Point Software Technologies Ltd. has a 12 month low of $169.01 and a 12 month high of $234.35. The company has a market cap of $22.00 billion, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 2.98 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted 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 business had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The business's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal 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.