Koshinski Asset Management Inc. Purchases 125 Shares of Check Point Software Technologies Ltd. $CHKP

Koshinski Asset Management Inc. lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,613 shares of the technology company’s stock after buying an additional 125 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Check Point Software Technologies were worth $799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sowell Financial Services LLC purchased a new position in shares of Check Point Software Technologies during the first quarter valued at about $301,000. QRG Capital Management Inc. increased its position in shares of Check Point Software Technologies by 19.1% during the first quarter. QRG Capital Management Inc. now owns 2,442 shares of the technology company’s stock valued at $557,000 after buying an additional 391 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Check Point Software Technologies by 15.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,937 shares of the technology company’s stock valued at $899,000 after buying an additional 541 shares during the period. Penserra Capital Management LLC increased its position in shares of Check Point Software Technologies by 5.6% during the first quarter. Penserra Capital Management LLC now owns 393,212 shares of the technology company’s stock valued at $89,620,000 after buying an additional 20,812 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Check Point Software Technologies by 43.5% in the first 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. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. UBS Group cut their price objective on shares of Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Royal Bank Of Canada cut their price objective on shares of Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating on the stock in a report on Thursday, July 31st. 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 report on Thursday, July 31st. Weiss Ratings restated a “hold (c+)” rating on shares of Check Point Software Technologies in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating on the stock in a report on Wednesday, September 24th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $227.00.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $190.65 on Monday. The firm’s 50 day moving average price is $194.73 and its 200-day moving average price is $209.25. The company has a market cap of $20.97 billion, a PE ratio of 24.82, a P/E/G ratio of 2.87 and a beta of 0.60. Check Point Software Technologies Ltd. has a 52-week low of $169.01 and a 52-week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last issued its 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. The firm had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.17 earnings per share. 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, analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

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.