Vanguard Group Inc. Acquires 2,281 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Vanguard Group Inc. has increased its holdings in Check Point Software Technologies by 0.7%, now owning 307,391 shares valued at approximately $70 million as of the latest SEC filing.
• Check Point Software Technologies reported a net margin of 32.48% and a revenue increase of 6% year-over-year, with earnings per share of $2.37, narrowly beating analysts' expectations.
• Analysts have adjusted their price targets for Check Point Software Technologies, with estimates now ranging from $200 to $215, reflecting a mix of "neutral" and "buy" ratings on the stock.

Vanguard Group Inc. raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 0.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 307,391 shares of the technology company's stock after buying an additional 2,281 shares during the period. Vanguard Group Inc. owned about 0.28% of Check Point Software Technologies worth $70,061,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Capital A Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at $29,000. Cromwell Holdings LLC acquired a new stake in shares of Check Point Software Technologies in the 1st quarter valued at $37,000. Quarry LP lifted 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. Abound Financial LLC acquired a new stake in shares of Check Point Software Technologies in the 1st quarter valued at $40,000. Finally, Menard Financial Group LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP traded up $0.58 on Thursday, hitting $191.25. 267,009 shares of the company were exchanged, compared to its average volume of 926,274. The company's 50 day moving average price is $206.65 and its two-hundred day moving average price is $216.11. Check Point Software Technologies Ltd. has a one year low of $169.01 and a one year high of $234.35. The firm has a market capitalization of $21.03 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 2.82 and a beta of 0.59.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $663.10 million. During the same quarter in the previous year, the firm posted $2.17 EPS. The business's 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. Research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Check Point Software Technologies from $230.00 to $215.00 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. Citigroup reduced their price objective on shares of Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Mizuho lifted their price objective on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. UBS Group dropped their target price on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st. Finally, Wells Fargo & Company dropped 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. 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 stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $228.50.

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.