Wealth Enhancement Advisory Services LLC Sells 7,371 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Wealth Enhancement Advisory Services LLC sold 7,371 shares of Check Point Software Technologies, reducing its stake by 57.5% to a total of 5,456 shares worth approximately $1.22 million.
• Check Point Software Technologies reported a quarterly earnings per share (EPS) of $2.37, slightly above the consensus estimate, with revenue of $665.20 million, reflecting a 6% year-over-year increase.
• Research analysts have mixed views on Check Point's stock, with the consensus rating being "Hold" and a price target of $227.42, influenced by several price revisions from firms like Morgan Stanley and Jefferies Financial Group.

Wealth Enhancement Advisory Services LLC lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 57.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,456 shares of the technology company's stock after selling 7,371 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Check Point Software Technologies were worth $1,220,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CHKP. Horizon Investments LLC boosted its position in Check Point Software Technologies by 116.4% during 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 last quarter. Cromwell Holdings LLC bought a new stake in Check Point Software Technologies during the first quarter valued at $37,000. Abound Financial LLC bought a new stake in Check Point Software Technologies during the first quarter valued at $40,000. TruNorth Capital Management LLC bought a new stake in Check Point Software Technologies during the first quarter valued at $45,000. Finally, Summit Securities Group LLC bought a new position in shares of Check Point Software Technologies during the 1st quarter worth about $49,000. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Up 0.5%

Shares of CHKP stock opened at $206.91 on Wednesday. The company has a 50 day moving average of $195.46 and a 200-day moving average of $212.24. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35. The firm has a market cap of $22.76 billion, a P/E ratio of 26.94, a PEG ratio of 3.10 and a beta of 0.60.

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 (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 during the quarter, compared to analyst estimates of $663.10 million. During the same quarter last year, the business posted $2.17 EPS. Check Point Software Technologies's quarterly 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. As a group, equities analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of research analyst reports. Morgan Stanley cut their price objective on shares of Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 2nd. 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 on the stock in a research report on Thursday, July 31st. Stifel Nicolaus set a $200.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, July 30th. 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 on the stock in a research report on Thursday, July 31st. Finally, Mizuho upped their target price on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. One 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $227.42.

About Check Point Software Technologies

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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