Check Point Software Technologies Ltd. $CHKP is Te Ahumairangi Investment Management Ltd's 7th Largest Position

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 trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 18.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,746 shares of the technology company's stock after selling 10,487 shares during the period. Check Point Software Technologies comprises about 2.3% of Te Ahumairangi Investment Management Ltd's portfolio, making the stock its 7th largest position. Te Ahumairangi Investment Management Ltd's holdings in Check Point Software Technologies were worth $10,882,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CHKP. Capital A Wealth Management LLC purchased a new position in Check Point Software Technologies in the fourth quarter worth $29,000. Horizon Investments LLC raised its position in shares of 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 acquiring an additional 85 shares during the last quarter. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies during the first quarter valued at approximately $37,000. Quarry LP increased its stake in shares of Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock valued at $38,000 after purchasing an additional 103 shares during the last quarter. Finally, Abound Financial LLC bought a new stake in Check Point Software Technologies in the 1st quarter valued at about $40,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP traded down $2.98 during mid-day trading on Tuesday, hitting $190.16. The stock had a trading volume of 915,205 shares, compared to its average volume of 923,915. The company has a 50 day moving average of $205.00 and a two-hundred day moving average of $215.52. The firm has a market cap of $20.91 billion, a PE ratio of 24.76, a PEG ratio of 2.90 and a beta of 0.60. Check Point Software Technologies Ltd. has a twelve month low of $169.01 and a twelve month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results 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 net margin of 32.48% and a return on equity of 33.21%. The firm had revenue of $665.20 million during the quarter, compared to the consensus estimate of $663.10 million. During the same quarter last year, the firm 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 research analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CHKP shares. UBS Group reduced their price target on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Scotiabank lowered their price target on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating on the stock in a report on Thursday, July 31st. Stephens lowered their price target on 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. Jefferies Financial Group reduced their target price on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Finally, Citigroup cut their target price on Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of "Hold" and a consensus price target 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.