US Bancorp DE Sells 3,906 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• US Bancorp DE reduced its holdings in Check Point Software Technologies by 3.8%, selling 3,906 shares, which brought their total ownership to 98,392 shares valued at approximately $21.77 million.
• Institutional investors own 98.51% of Check Point's stock, indicating strong investment interest, with several firms increasing their stakes during the second quarter.
• Analysts have mixed opinions on Check Point, with price targets ranging from $193.00 to $240.00, and the stock currently holds an average rating of "Hold" with a consensus price target of $226.79.

US Bancorp DE cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 3.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,392 shares of the technology company's stock after selling 3,906 shares during the period. US Bancorp DE owned about 0.09% of Check Point Software Technologies worth $21,769,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. SteelPeak Wealth LLC bought a new stake in shares of Check Point Software Technologies in the 2nd quarter worth about $845,000. Hunter Perkins Capital Management LLC increased its holdings in shares of Check Point Software Technologies by 0.3% in the 2nd quarter. Hunter Perkins Capital Management LLC now owns 22,284 shares of the technology company's stock worth $4,930,000 after buying an additional 67 shares during the last quarter. Marks Group Wealth Management Inc increased its holdings in shares of Check Point Software Technologies by 4.2% in the 2nd quarter. Marks Group Wealth Management Inc now owns 4,192 shares of the technology company's stock worth $927,000 after buying an additional 168 shares during the last quarter. Grimes & Company Inc. increased its holdings in shares of Check Point Software Technologies by 9.4% in the 2nd quarter. Grimes & Company Inc. now owns 4,345 shares of the technology company's stock worth $961,000 after buying an additional 372 shares during the last quarter. Finally, Bank Hapoalim BM increased its holdings in shares of Check Point Software Technologies by 0.8% in the 2nd quarter. Bank Hapoalim BM now owns 33,397 shares of the technology company's stock worth $7,389,000 after buying an additional 275 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reduced their target price on shares of 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. Barclays set a $215.00 price target on shares of Check Point Software Technologies and gave the company an "equal weight" rating in a report on Thursday, July 31st. Mizuho upped their price target on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Stephens cut their price target on shares of Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating on the stock in a report on Thursday, July 31st. Finally, 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 report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $226.79.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $195.56 on Friday. The stock has a market cap of $21.51 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 2.98 and a beta of 0.60. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35. The firm has a 50-day moving average of $194.33 and a two-hundred day moving average of $210.78.

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, beating the consensus estimate of $2.36 by $0.01. The company had revenue of $665.20 million during the quarter, compared to analysts' expectations of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The firm's quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.17 EPS. 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. Research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

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.

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