Scientech Research LLC bought a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 4,289 shares of the technology company's stock, valued at approximately $978,000.
A number of other institutional investors and hedge funds have also modified their holdings of CHKP. Dimensional Fund Advisors LP increased its holdings in shares of Check Point Software Technologies by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,712 shares of the technology company's stock worth $2,373,000 after purchasing an additional 103 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth $429,000. Mercer Global Advisors Inc. ADV increased its holdings in shares of Check Point Software Technologies by 16.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,586 shares of the technology company's stock worth $669,000 after purchasing an additional 514 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Check Point Software Technologies by 7.2% in the 4th quarter. Baird Financial Group Inc. now owns 10,774 shares of the technology company's stock worth $2,012,000 after purchasing an additional 724 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Check Point Software Technologies by 7.4% in the 4th quarter. Captrust Financial Advisors now owns 10,511 shares of the technology company's stock worth $1,962,000 after purchasing an additional 722 shares in the last quarter. Institutional investors own 98.51% of the company's stock.
Check Point Software Technologies Trading Down 0.7%
NASDAQ CHKP traded down $1.35 on Friday, hitting $195.19. 519,751 shares of the company traded hands, compared to its average volume of 664,860. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 2.95 and a beta of 0.60. The business's 50 day moving average price is $200.24 and its 200-day moving average price is $213.95. Check Point Software Technologies Ltd. has a 52-week low of $169.01 and a 52-week high of $234.35.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.01. The company 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%.Check Point Software Technologies's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.17 earnings per share. 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, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts have commented on the company. Mizuho lifted their target price on Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Stifel Nicolaus set a $200.00 price target on Check Point Software Technologies in a research note on Wednesday, July 30th. Citigroup dropped their price target on Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating on the stock in a research note on Monday, August 18th. Barclays set a $215.00 price target on Check Point Software Technologies and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada dropped their price target on Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 31st. One 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $227.58.
Check Out Our Latest Report on Check Point Software Technologies
About Check Point Software Technologies
(
Free Report)
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.
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