Te Ahumairangi Investment Management Ltd Sells 10,487 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Te Ahumairangi Investment Management Ltd reduced its stake in Check Point Software Technologies by 18.0%, holding 47,746 shares valued at approximately $10.88 million, making it the 7th largest holding in their portfolio.
• Check Point Software Technologies reported earnings of $2.37 EPS for the last quarter, surpassing analyst expectations and showing a 6.0% increase in revenue compared to the previous year.
• Various analysts have issued price targets for Check Point, with a consensus target of $228.50 and a majority rating it as "Hold."

Te Ahumairangi Investment Management Ltd lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 18.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,746 shares of the technology company's stock after selling 10,487 shares during the period. Check Point Software Technologies accounts for approximately 2.3% of Te Ahumairangi Investment Management Ltd's investment portfolio, making the stock its 7th biggest holding. Te Ahumairangi Investment Management Ltd's holdings in Check Point Software Technologies were worth $10,882,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Capital A Wealth Management LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth approximately $29,000. Horizon Investments LLC grew its position in Check Point Software Technologies by 116.4% during the first quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock worth $36,000 after buying an additional 85 shares in the last quarter. Cromwell Holdings LLC acquired a new stake in Check Point Software Technologies during the first quarter worth approximately $37,000. Quarry LP grew its position in Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after buying an additional 103 shares in the last quarter. Finally, Abound Financial LLC acquired a new stake in Check Point Software Technologies during the first quarter worth approximately $40,000. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP traded up $0.62 during mid-day trading on Wednesday, hitting $190.78. 136,355 shares of the stock traded hands, compared to its average volume of 920,681. Check Point Software Technologies Ltd. has a twelve month low of $169.01 and a twelve month high of $234.35. The company has a market cap of $20.98 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 2.90 and a beta of 0.60. The firm has a 50 day simple moving average of $204.41 and a two-hundred day simple moving average of $215.35.

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. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The company had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. During the same quarter last year, the business posted $2.17 EPS. Check Point Software Technologies'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. On average, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of analyst reports. Wall Street Zen raised Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Stifel Nicolaus set a $200.00 price target on Check Point Software Technologies in a research report on Wednesday, July 30th. Wells Fargo & Company reduced their price target on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. UBS Group reduced their target price on Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Finally, Mizuho raised their target price on Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a report on Monday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies has an average rating of "Hold" and a consensus target price of $227.58.

About Check Point Software Technologies

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.