Check Point Software Technologies Ltd. $CHKP Shares Sold by Royal Bank of Canada

Royal Bank of Canada lessened its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 7.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 103,173 shares of the technology company's stock after selling 8,161 shares during the quarter. Royal Bank of Canada owned 0.09% of Check Point Software Technologies worth $23,515,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Vident Advisory LLC increased its position in Check Point Software Technologies by 121.2% during the first quarter. Vident Advisory LLC now owns 241,994 shares of the technology company's stock valued at $55,155,000 after acquiring an additional 132,577 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ increased its position in Check Point Software Technologies by 1.0% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 20,316 shares of the technology company's stock valued at $4,630,000 after acquiring an additional 198 shares during the last quarter. BNP Paribas Financial Markets increased its position in Check Point Software Technologies by 42.2% during the first quarter. BNP Paribas Financial Markets now owns 179,309 shares of the technology company's stock valued at $40,868,000 after acquiring an additional 53,204 shares during the last quarter. Earnest Partners LLC increased its position in Check Point Software Technologies by 3.1% in the first quarter. Earnest Partners LLC now owns 688,715 shares of the technology company's stock worth $156,972,000 after buying an additional 20,851 shares in the last quarter. Finally, Wealth Preservation Advisors LLC purchased a new stake in Check Point Software Technologies in the first quarter worth about $184,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

CHKP traded down $0.94 on Friday, reaching $195.61. 239,777 shares of the stock were exchanged, compared to its average volume of 910,142. The company's 50-day moving average price is $200.81 and its 200 day moving average price is $214.16. Check Point Software Technologies Ltd. has a fifty-two week low of $169.01 and a fifty-two week high of $234.35. The firm has a market capitalization of $21.51 billion, a PE ratio of 25.49, a PEG ratio of 2.92 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 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 company had revenue of $665.20 million during the quarter, compared to analysts' expectations of $663.10 million. During the same quarter in the previous year, the firm posted $2.17 EPS. The firm's revenue 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. As a group, equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CHKP has been the subject of a number of analyst reports. Mizuho upped their price target 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. Morgan Stanley decreased their price objective on Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 2nd. Jefferies Financial Group decreased their price objective on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Citigroup decreased their price objective on Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. Finally, Cantor Fitzgerald set a $220.00 price objective on Check Point Software Technologies and gave the stock a "neutral" rating 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 given a Hold rating to the stock. According to data from MarketBeat, Check Point Software Technologies 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.