Semmax Financial Advisors Inc. Has $2.18 Million Stock Holdings in Check Point Software Technologies Ltd. $CHKP

Key Points

• Semmax Financial Advisors Inc. reduced its position in Check Point Software Technologies Ltd. by 14.9%, selling 1,744 shares during the 1st quarter.
• Several hedge funds significantly increased their stakes, with Victory Capital Management Inc. growing its holdings by 2,704.5% during the same period.
• Check Point Software Technologies reported quarterly earnings of $2.37 per share, slightly beating analysts' expectations and indicating a year-over-year revenue increase of 6.0%.

Semmax Financial Advisors Inc. cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 14.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,965 shares of the technology company's stock after selling 1,744 shares during the period. Semmax Financial Advisors Inc.'s holdings in Check Point Software Technologies were worth $2,176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its stake in Check Point Software Technologies by 28.1% during the first quarter. Ameriprise Financial Inc. now owns 1,830,874 shares of the technology company's stock valued at $417,280,000 after purchasing an additional 401,150 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Check Point Software Technologies by 2.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company's stock valued at $384,591,000 after purchasing an additional 46,713 shares during the last quarter. Victory Capital Management Inc. lifted 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 purchasing an additional 1,258,034 shares during the last quarter. Invesco Ltd. lifted 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 purchasing an additional 865,608 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its stake 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. 98.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CHKP has been the subject of several recent research reports. Stephens cut 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 research note on Thursday, July 31st. Morgan Stanley cut 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 research note on Tuesday, September 2nd. Barclays set a $215.00 price target on shares of Check Point Software Technologies and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Mizuho upped their price target on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Finally, Wells Fargo & Company reduced their price target on shares of 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. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $227.58.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP traded down $1.35 during mid-day trading on Friday, hitting $195.19. The stock had a trading volume of 519,751 shares, compared to its average volume of 650,795. The company has a market cap of $21.47 billion, a PE ratio of 25.42, a P/E/G ratio of 2.93 and a beta of 0.60. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35. The company's 50 day moving average is $200.24 and its 200-day moving average is $213.93.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The company's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business 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. On average, equities research analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS 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.