Vestmark Advisory Solutions Inc. Purchases 2,698 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Vestmark Advisory Solutions Inc. increased its position in Check Point Software Technologies by 54.3%, now holding shares valued at approximately $1.75 million.
• Institutional investors and hedge funds collectively own 98.51% of Check Point Software Technologies, indicating significant interest from large financial players.
• Check Point Software Technologies reported a quarterly revenue increase of 6.0% year-over-year, with earnings per share beating analysts' expectations by $0.01.

Vestmark Advisory Solutions Inc. boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 54.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,671 shares of the technology company's stock after buying an additional 2,698 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Check Point Software Technologies were worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Check Point Software Technologies by 4.4% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 68,253 shares of the technology company's stock worth $15,556,000 after buying an additional 2,904 shares in the last quarter. National Pension Service boosted its stake in shares of Check Point Software Technologies by 49.2% during the first quarter. National Pension Service now owns 393,586 shares of the technology company's stock valued at $89,706,000 after purchasing an additional 129,829 shares during the period. Prudential PLC purchased a new stake in shares of Check Point Software Technologies during the first quarter valued at approximately $1,143,000. HighTower Advisors LLC boosted its stake in shares of Check Point Software Technologies by 0.3% during the first quarter. HighTower Advisors LLC now owns 60,998 shares of the technology company's stock valued at $13,903,000 after purchasing an additional 196 shares during the period. Finally, Core Wealth Partners LLC purchased a new stake in shares of Check Point Software Technologies during the first quarter valued at approximately $228,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

Shares of CHKP traded up $2.0390 on Friday, reaching $190.4490. The company's stock had a trading volume of 182,325 shares, compared to its average volume of 931,259. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35. The stock has a market capitalization of $20.95 billion, a P/E ratio of 24.80, a PEG ratio of 2.85 and a beta of 0.59. The stock's 50 day simple moving average is $209.07 and its two-hundred day simple moving average is $216.78.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.01. The business had revenue of $665.20 million for 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 company's revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $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. 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 subject of a number of analyst reports. Wall Street Zen raised Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. UBS Group decreased their target price on Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Scotiabank decreased their price objective on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a report on Thursday, July 31st. Wedbush reiterated an "outperform" rating and issued a $240.00 price objective on shares of Check Point Software Technologies in a report on Thursday, April 24th. Finally, Wells Fargo & Company reduced their price target on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.