Check Point Software Technologies Ltd. $CHKP Shares Purchased by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

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 stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 43.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,483,714 shares of the technology company's stock after acquiring an additional 450,099 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.35% of Check Point Software Technologies worth $338,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Capital A Wealth Management LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth about $29,000. Horizon Investments LLC increased its holdings in shares of Check Point Software Technologies by 116.4% during the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock worth $36,000 after buying an additional 85 shares during the last quarter. Cromwell Holdings LLC purchased a new stake in shares of Check Point Software Technologies during the 1st quarter valued at approximately $37,000. Abound Financial LLC purchased a new position in Check Point Software Technologies in the first quarter worth approximately $40,000. Finally, Menard Financial Group LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth $41,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Trading Down 0.1%

Shares of Check Point Software Technologies stock traded down $0.14 on Tuesday, hitting $197.87. The stock had a trading volume of 195,465 shares, compared to its average volume of 906,848. The stock has a market cap of $21.76 billion, a price-to-earnings ratio of 25.76, a P/E/G ratio of 2.93 and a beta of 0.60. Check Point Software Technologies Ltd. has a 52-week low of $169.01 and a 52-week high of $234.35. The company's 50 day moving average price is $199.74 and its 200 day moving average price is $213.78.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.36 by $0.01. The company had revenue of $665.20 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $2.17 earnings per share. 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. Analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Ratings Changes

CHKP has been the topic of several recent analyst reports. Stephens decreased their price target on Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 31st. Royal Bank Of Canada decreased their target price 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 report on Thursday, July 31st. Stifel Nicolaus set a $200.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, July 30th. Barclays set a $215.00 price objective on shares of Check Point Software Technologies and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group cut their target price on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.