Richard P Slaughter Associates Inc Has $1.41 Million Stock Holdings in Check Point Software Technologies Ltd. $CHKP

Key Points

• Richard P Slaughter Associates Inc has reduced its stake in Check Point Software Technologies by 36.3%, now holding 6,372 shares valued at approximately $1.41 million.
• Several analysts have revised their price targets for Check Point Software Technologies, with UBS Group lowering it from $220.00 to $210.00, maintaining a "neutral" rating.
• Check Point Software Technologies reported $2.37 earnings per share for the last quarter, exceeding analyst expectations, with a revenue of $665.20 million, a 6% increase from the previous year.

Richard P Slaughter Associates Inc cut its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 36.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,372 shares of the technology company's stock after selling 3,633 shares during the quarter. Richard P Slaughter Associates Inc's holdings in Check Point Software Technologies were worth $1,410,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHKP. Capital A Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at about $29,000. Horizon Investments LLC raised its holdings in shares of Check Point Software Technologies by 116.4% in the first quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock valued at $36,000 after buying an additional 85 shares during the last quarter. Cromwell Holdings LLC bought a new position in shares of Check Point Software Technologies in the first quarter valued at about $37,000. Abound Financial LLC bought a new position in shares of Check Point Software Technologies in the first quarter valued at about $40,000. Finally, Menard Financial Group LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at about $41,000. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Up 0.6%

Shares of NASDAQ:CHKP traded up $1.22 during mid-day trading on Friday, reaching $197.46. The stock had a trading volume of 479,969 shares, compared to its average volume of 903,762. The firm has a market cap of $21.72 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.96 and a beta of 0.60. The firm has a 50 day simple moving average of $198.00 and a two-hundred day simple moving average of $213.38. Check Point Software Technologies Ltd. has a twelve month low of $169.01 and a twelve month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating 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 net margin of 32.48% and a return on equity of 33.21%. Check Point Software Technologies's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period 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. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CHKP shares. Jefferies Financial Group cut their price target on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Wells Fargo & Company cut their price target on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Cantor Fitzgerald set a $220.00 price objective on Check Point Software Technologies and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Mizuho lifted their price objective on Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Finally, Scotiabank lowered their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of "Hold" and a consensus price target of $227.58.

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.