Royal Bank of Canada Reduces Position in Check Point Software Technologies Ltd. $CHKP

Royal Bank of Canada trimmed its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 7.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 103,173 shares of the technology company's stock after selling 8,161 shares during the period. Royal Bank of Canada owned 0.09% of Check Point Software Technologies worth $23,515,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CHKP. Victory Capital Management Inc. grew its stake in Check Point Software Technologies by 2,704.5% during 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 acquiring an additional 1,258,034 shares in the last quarter. Invesco Ltd. grew its stake in Check Point Software Technologies by 737.5% during the first quarter. Invesco Ltd. now owns 982,986 shares of the technology company's stock valued at $224,042,000 after acquiring an additional 865,608 shares in the last quarter. Bessemer Group Inc. grew its stake in Check Point Software Technologies by 5,396.1% during the first quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company's stock valued at $150,081,000 after acquiring an additional 646,504 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in Check Point Software Technologies by 214.6% during the first 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 last quarter. Finally, Bank of New York Mellon Corp grew its position in Check Point Software Technologies by 182.0% in the first quarter. Bank of New York Mellon Corp now owns 627,489 shares of the technology company's stock worth $143,017,000 after acquiring an additional 404,958 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

NASDAQ:CHKP traded down $1.35 during trading hours on Friday, hitting $195.19. 519,751 shares of the company were exchanged, compared to its average volume of 664,860. The stock has a market capitalization of $21.47 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.95 and a beta of 0.60. Check Point Software Technologies Ltd. has a 52-week low of $169.01 and a 52-week high of $234.35. The company's 50 day moving average price is $200.24 and its 200-day moving average price is $213.95.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business had revenue of $665.20 million during the quarter, compared to analysts' expectations of $663.10 million. During the same period in the previous year, the business posted $2.17 EPS. The business's quarterly 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. On average, equities analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on CHKP. Stifel Nicolaus set a $200.00 target price on shares of Check Point Software Technologies in a report on Wednesday, July 30th. Morgan Stanley lowered their target price on shares of Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating for the company in a report on Tuesday, September 2nd. Stephens lowered their target price on shares of Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating for the company in a report on Thursday, July 31st. Citigroup lowered their target price on shares of Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Finally, Mizuho raised their target price on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Check Point Software Technologies has a consensus rating of "Hold" and a consensus target price 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.