United Services Automobile Association Acquires New Stake in Check Point Software Technologies Ltd. $CHKP

Key Points

• United Services Automobile Association has acquired a new position in Check Point Software Technologies, purchasing 2,861 shares valued at approximately $653,000.
• Analysts have mixed views on Check Point, with price targets ranging from $210.00 to $240.00 and varying ratings, yet the consensus rating is "Hold" with a target price of $227.58.
• Check Point reported earnings per share of $2.37, exceeding estimates, with a revenue of $665.2 million for the quarter, marking a 6% increase year-over-year.

United Services Automobile Association bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,861 shares of the technology company's stock, valued at approximately $653,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Check Point Software Technologies in the first quarter valued at approximately $231,000. Goldman Sachs Group Inc. grew its stake in shares of Check Point Software Technologies by 34.0% in the first quarter. Goldman Sachs Group Inc. now owns 463,579 shares of the technology company's stock valued at $105,659,000 after buying an additional 117,504 shares in the last quarter. Kestra Investment Management LLC raised its holdings in shares of Check Point Software Technologies by 28.5% in the 1st quarter. Kestra Investment Management LLC now owns 2,315 shares of the technology company's stock valued at $528,000 after buying an additional 513 shares during the period. Knightsbridge Asset Management LLC acquired a new position in Check Point Software Technologies during the 1st quarter worth about $228,000. Finally, USS Investment Management Ltd boosted its holdings in Check Point Software Technologies by 0.3% during the 1st quarter. USS Investment Management Ltd now owns 16,777 shares of the technology company's stock valued at $3,825,000 after acquiring an additional 57 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP traded down $1.35 during mid-day trading on Friday, reaching $195.19. The stock had a trading volume of 519,751 shares, compared to its average volume of 664,860. Check Point Software Technologies Ltd. has a twelve month low of $169.01 and a twelve month high of $234.35. The business has a 50 day simple moving average of $200.24 and a 200 day simple moving average of $214.00. The firm has a market capitalization of $21.47 billion, a price-to-earnings ratio of 25.42, 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 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $663.10 million. During the same quarter in the previous year, the firm earned $2.17 earnings per share. The firm's revenue 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. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analysts Set New Price Targets

CHKP has been the topic of a number of recent research reports. 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 Check Point Software Technologies and gave the company a "neutral" rating in a research report on Thursday, July 31st. Jefferies Financial Group decreased their price objective on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company reduced their target price on shares of Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Finally, UBS Group dropped their price objective on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company's stock. According to MarketBeat, Check Point Software Technologies has an average rating of "Hold" and a consensus target price 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.