UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Position in Check Point Software Technologies Ltd. $CHKP

Key Points

• UBS Asset Management increased its stake in Check Point Software Technologies by 43.5%, now holding approximately 1.35% of the company worth $338 million.
• Other large investors also boosted their positions significantly, indicating strong interest in Check Point, with total institutional ownership at 98.51%.
• Despite a slight stock decline of 1.2%, Check Point reported earnings per share of $2.37 for the last quarter, surpassing expectations and forecasting future EPS growth.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 43.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,483,714 shares of the technology company's stock after purchasing an additional 450,099 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 1.35% of Check Point Software Technologies worth $338,168,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its stake in shares of Check Point Software Technologies by 28.1% during the 1st quarter. Ameriprise Financial Inc. now owns 1,830,874 shares of the technology company's stock worth $417,280,000 after purchasing an additional 401,150 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Check Point Software Technologies by 2.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company's stock worth $384,591,000 after purchasing an additional 46,713 shares during the period. Victory Capital Management Inc. raised its stake 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 worth $297,333,000 after purchasing an additional 1,258,034 shares during the period. Invesco Ltd. raised its stake 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 worth $224,042,000 after purchasing an additional 865,608 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake 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 worth $197,086,000 after purchasing an additional 589,816 shares during the period. Hedge funds and other institutional investors own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Stifel Nicolaus set a $200.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, July 30th. Morgan Stanley cut their price target on shares of Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 2nd. Royal Bank Of Canada cut their price target on shares of Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating on the stock in a research note on Thursday, July 31st. Cantor Fitzgerald set a $220.00 price target on shares of Check Point Software Technologies and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Finally, Citigroup cut their price target on shares of 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, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $227.58.

Check Point Software Technologies Stock Down 1.2%

Check Point Software Technologies stock opened at $194.24 on Thursday. Check Point Software Technologies Ltd. has a 52-week low of $169.01 and a 52-week high of $234.35. The firm has a fifty day moving average of $201.35 and a 200-day moving average of $214.29. The firm has a market capitalization of $21.36 billion, a P/E ratio of 25.29, a PEG ratio of 2.95 and a beta of 0.60.

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 (EPS) for the quarter, topping 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 company had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. During the same quarter in the prior year, the business earned $2.17 earnings per share. The business's quarterly revenue was up 6.0% compared to the same quarter last year. 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, research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal 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.

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.