Swedbank AB Grows Stock Position in 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 boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 429,981 shares of the technology company's stock after acquiring an additional 1,335 shares during the period. Swedbank AB owned 0.39% of Check Point Software Technologies worth $95,133,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its position 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 buying an additional 1,258,034 shares during the period. Invesco Ltd. lifted its position 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 buying an additional 865,608 shares during the period. Bessemer Group Inc. lifted its position 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 buying an additional 646,504 shares during the period. 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 buying an additional 589,816 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Check Point Software Technologies by 43.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company's stock valued at $338,168,000 after buying an additional 450,099 shares during the period. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Up 0.8%

NASDAQ CHKP traded up $1.55 during trading hours on Friday, reaching $197.79. The company's stock had a trading volume of 2,200,945 shares, compared to its average volume of 624,075. The firm's 50-day moving average price is $197.65 and its 200-day moving average price is $213.16. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35. The company has a market capitalization of $21.75 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.98 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted 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. The company had revenue of $665.20 million for the quarter, compared to analysts' expectations of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The firm's revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm 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. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Scotiabank lowered their price objective on 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. Mizuho boosted their target price 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. Barclays set a $215.00 target price on Check Point Software Technologies and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Wells Fargo & Company decreased their target price on 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. Finally, Royal Bank Of Canada decreased their target price on Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $227.58.

Check Point Software Technologies Company 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.