TD Asset Management Inc Purchases 13,213 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• TD Asset Management Inc increased its stake in Check Point Software Technologies by 33.3%, purchasing an additional 13,213 shares, bringing their total holdings to 52,945 shares valued at approximately $11.7 million.
• Check Point Software Technologies recently reported $2.37 earnings per share, exceeding analysts' expectations, with revenue for the quarter rose by 6% year-over-year to $665.2 million.
• Institutional investors collectively hold 98.51% of Check Point Software Technologies' shares, indicating strong confidence in the company's performance among major investors.

TD Asset Management Inc increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 33.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 52,945 shares of the technology company's stock after acquiring an additional 13,213 shares during the period. TD Asset Management Inc's holdings in Check Point Software Technologies were worth $11,714,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHKP. Victory Capital Management Inc. grew its position in Check Point Software Technologies by 2,704.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company's stock worth $297,333,000 after acquiring an additional 1,258,034 shares during the last quarter. Invesco Ltd. grew its position in Check Point Software Technologies by 737.5% during the 1st quarter. Invesco Ltd. now owns 982,986 shares of the technology company's stock worth $224,042,000 after acquiring an additional 865,608 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Check Point Software Technologies by 5,396.1% during the 1st quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company's stock worth $150,081,000 after buying an additional 646,504 shares during the period. Westfield Capital Management Co. LP lifted its holdings in Check Point Software Technologies by 214.6% during the 1st quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company's stock worth $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 holdings in Check Point Software Technologies by 43.5% during the 1st 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 worth $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 Performance

CHKP stock opened at $190.65 on Friday. The stock's 50 day simple moving average is $194.73 and its 200 day simple moving average is $209.36. Check Point Software Technologies Ltd. has a fifty-two week low of $169.01 and a fifty-two week high of $234.35. The company has a market cap of $20.97 billion, a P/E ratio of 24.82, a price-to-earnings-growth ratio of 2.87 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 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The business had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. During the same period in the prior year, the business earned $2.17 EPS. The firm's revenue for the quarter was up 6.0% on a year-over-year basis. 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 analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on CHKP shares. Barclays lifted their target price on Check Point Software Technologies from $215.00 to $220.00 and gave the stock an "equal weight" rating in a report on Tuesday. Cantor Fitzgerald set a $220.00 price objective on Check Point Software Technologies and gave the company a "neutral" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. dropped their price objective on Check Point Software Technologies from $257.00 to $251.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 24th. Stifel Nicolaus set a $200.00 price objective on Check Point Software Technologies in a research note on Wednesday, July 30th. Finally, Citigroup dropped their price objective 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. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seventeen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $227.00.

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.

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