Voya Investment Management LLC Increases Holdings in Check Point Software Technologies Ltd. $CHKP

Key Points

• Voya Investment Management LLC increased its stake in Check Point Software Technologies by 5.7%, acquiring an additional 25,692 shares, bringing its total ownership to 479,666 shares valued at approximately $109.3 million.
• Several analysts have downgraded their price targets for Check Point's stock, with Royal Bank of Canada lowering its target from $224 to $207, while others adjusted theirs downward as well, reflecting a mix of ratings on the stock.
• Check Point's most recent earnings report showed it surpassed analysts' expectations with an EPS of $2.37 and revenue of $665.20 million, marking a 6% year-over-year growth.

Voya Investment Management LLC boosted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 5.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 479,666 shares of the technology company's stock after purchasing an additional 25,692 shares during the quarter. Voya Investment Management LLC owned about 0.44% of Check Point Software Technologies worth $109,325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital A Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $29,000. Horizon Investments LLC boosted its position in shares of Check Point Software Technologies by 116.4% in the first quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock valued at $36,000 after acquiring an additional 85 shares during the period. Cromwell Holdings LLC bought a new stake in shares of Check Point Software Technologies in the first quarter valued at about $37,000. Abound Financial LLC bought a new stake in shares of Check Point Software Technologies in the first quarter valued at about $40,000. Finally, Menard Financial Group LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $41,000. 98.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group reduced their target price on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Cantor Fitzgerald set a $220.00 target price on shares of Check Point Software Technologies and gave the company a "neutral" rating in a research report on Thursday, July 31st. Jefferies Financial Group cut their price objective on shares of Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, July 31st. Scotiabank cut their price objective on shares of Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a research report on Thursday, July 31st. Finally, Wells Fargo & Company cut their price objective on shares of Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $227.58.

Check Point Software Technologies Trading Down 1.2%

NASDAQ:CHKP traded down $2.32 on Wednesday, reaching $196.52. 505,725 shares of the stock traded hands, compared to its average volume of 907,098. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.98 and a beta of 0.60. The company's 50 day moving average is $199.20 and its 200-day moving average is $213.67. Check Point Software Technologies Ltd. has a 1-year low of $169.01 and a 1-year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The firm had revenue of $665.20 million for the quarter, compared to analysts' expectations of $663.10 million. During the same period in the prior year, the business earned $2.17 EPS. The company's revenue for the quarter 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. On average, equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal 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.