Tritonpoint Wealth LLC Has $3.35 Million Stock Holdings in Check Point Software Technologies Ltd. $CHKP

Tritonpoint Wealth LLC lowered its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,124 shares of the technology company’s stock after selling 98 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Check Point Software Technologies were worth $3,346,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CHKP. Victory Capital Management Inc. increased its position in Check Point Software Technologies by 2,704.5% during the first quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock worth $297,333,000 after acquiring an additional 1,258,034 shares during the period. Invesco Ltd. increased its position in Check Point Software Technologies by 737.5% during the first quarter. Invesco Ltd. now owns 982,986 shares of the technology company’s stock worth $224,042,000 after acquiring an additional 865,608 shares during the period. Bessemer Group Inc. increased its holdings in shares of Check Point Software Technologies by 5,396.1% during the 1st quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company’s stock worth $150,081,000 after purchasing an additional 646,504 shares during the period. Westfield Capital Management Co. LP increased its holdings in shares of Check Point Software Technologies by 214.6% during the 1st quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company’s stock worth $197,086,000 after purchasing an additional 589,816 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Check Point Software Technologies by 43.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company’s stock worth $338,168,000 after purchasing an additional 450,099 shares during the period. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Price Performance

CHKP opened at $204.65 on Friday. The stock has a market capitalization of $22.51 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 3.08 and a beta of 0.60. The company’s 50 day simple moving average is $196.11 and its 200-day simple moving average is $212.43. Check Point Software Technologies Ltd. has a one year low of $169.01 and a one year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last posted 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 return on equity of 33.21% and a net margin of 32.48%.The business had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. During the same period last year, the company earned $2.17 EPS. The firm’s 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. As a group, analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Ratings Changes

CHKP has been the topic of several research reports. Citigroup lowered their price target on Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. Cantor Fitzgerald set a $220.00 price objective on Check Point Software Technologies and gave the company a “neutral” rating in a research report on Thursday, July 31st. Wells Fargo & Company lowered their price objective on 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. Morgan Stanley lowered their price target on shares of Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 2nd. Finally, Scotiabank lowered their price target on shares of Check Point Software Technologies from $240.00 to $220.00 and set a “sector outperform” rating on the stock in a report on Thursday, July 31st. One 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 MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $227.42.

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.