Inspire Investing LLC Sells 703 Shares of Check Point Software Technologies Ltd. $CHKP

Inspire Investing LLC cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,960 shares of the technology company’s stock after selling 703 shares during the period. Inspire Investing LLC’s holdings in Check Point Software Technologies were worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CHKP. Nuveen Asset Management LLC raised its stake in shares of Check Point Software Technologies by 25.8% in the fourth quarter. Nuveen Asset Management LLC now owns 321,823 shares of the technology company’s stock worth $60,084,000 after acquiring an additional 66,078 shares during the last quarter. Man Group plc raised its stake in shares of Check Point Software Technologies by 33.7% in the fourth quarter. Man Group plc now owns 107,759 shares of the technology company’s stock worth $20,119,000 after acquiring an additional 27,168 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Check Point Software Technologies by 2.7% in the fourth quarter. Quantinno Capital Management LP now owns 29,241 shares of the technology company’s stock worth $5,459,000 after acquiring an additional 778 shares during the last quarter. Raiffeisen Bank International AG bought a new position in shares of Check Point Software Technologies in the fourth quarter worth about $198,000. Finally, Siemens Fonds Invest GmbH bought a new position in shares of Check Point Software Technologies in the fourth quarter worth about $1,373,000. 98.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on CHKP. Stephens dropped their target price on shares of Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating for the company in a research note on Thursday, July 31st. Wells Fargo & Company dropped their price target on shares of Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. Royal Bank Of Canada dropped their price target on shares of Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating for the company in a research note on Thursday, July 31st. Morgan Stanley dropped their price target on shares of Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 2nd. Finally, Cantor Fitzgerald set a $220.00 price target on shares of Check Point Software Technologies and gave the stock a “neutral” rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $227.58.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $195.19 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The company has a market capitalization of $21.47 billion, a PE ratio of 25.42, a PEG ratio of 2.95 and a beta of 0.60. The company has a 50 day moving average price of $200.24 and a two-hundred day moving average price of $214.00.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating 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 firm had revenue of $665.20 million during the quarter, compared to the consensus estimate of $663.10 million. During the same quarter in the prior year, the firm earned $2.17 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. 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, sell-side analysts forecast 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.