Swedbank AB Acquires 1,335 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Swedbank AB increased its stake in Check Point Software Technologies to approximately $95.13 million by acquiring 1,335 additional shares in the second quarter, bringing its total to 429,981 shares.
• In recent analyst ratings, Scotiabank lowered its price target for Check Point from $240.00 to $220.00, while Mizuho raised it from $230.00 to $240.00, reflecting varied sentiment among analysts.
• Check Point Software reported a 6.0% increase in quarterly revenue from the previous year, with earnings per share of $2.37 exceeding estimates, highlighting strong financial performance amidst market fluctuations.

Swedbank AB grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 429,981 shares of the technology company's stock after buying an additional 1,335 shares during the quarter. Swedbank AB owned 0.39% of Check Point Software Technologies worth $95,133,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC increased its position in Check Point Software Technologies by 23.2% during the 1st quarter. Larson Financial Group LLC now owns 260 shares of the technology company's stock worth $59,000 after purchasing an additional 49 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Check Point Software Technologies by 19.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock worth $77,000 after purchasing an additional 55 shares in the last quarter. Aaron Wealth Advisors LLC increased its position in Check Point Software Technologies by 5.2% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company's stock worth $244,000 after purchasing an additional 55 shares in the last quarter. 3Chopt Investment Partners LLC increased its position in Check Point Software Technologies by 0.3% during the 1st quarter. 3Chopt Investment Partners LLC now owns 19,571 shares of the technology company's stock worth $4,461,000 after purchasing an additional 56 shares in the last quarter. Finally, USS Investment Management Ltd increased its position in Check Point Software Technologies by 0.3% during the 1st quarter. USS Investment Management Ltd now owns 16,777 shares of the technology company's stock worth $3,825,000 after purchasing an additional 57 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CHKP. Wells Fargo & Company lowered their price objective 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. Jefferies Financial Group lowered their price objective on shares of Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. 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, Scotiabank decreased their price target on shares of 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 equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat, Check Point Software Technologies has an average rating of "Hold" and a consensus target price of $227.58.

Check Point Software Technologies Trading Up 1.7%

NASDAQ CHKP traded up $3.30 on Monday, hitting $201.09. 767,985 shares of the company were exchanged, compared to its average volume of 700,716. The company has a market cap of $22.12 billion, a PE ratio of 26.18, a PEG ratio of 2.98 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 stock has a fifty day moving average of $197.26 and a 200-day moving average of $212.89.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.01. The business 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%. Check Point Software Technologies's revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm 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. On average, analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current 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.