Lafayette Investments Inc. Cuts Stake in Check Point Software Technologies Ltd. $CHKP

Lafayette Investments Inc. trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,536 shares of the technology company’s stock after selling 1,240 shares during the period. Check Point Software Technologies comprises 1.0% of Lafayette Investments Inc.’s investment portfolio, making the stock its 27th biggest holding. Lafayette Investments Inc.’s holdings in Check Point Software Technologies were worth $4,986,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ninety One UK Ltd lifted its holdings in Check Point Software Technologies by 2.6% in the second quarter. Ninety One UK Ltd now owns 2,592,778 shares of the technology company’s stock valued at $573,652,000 after acquiring an additional 64,745 shares during the period. Ameriprise Financial Inc. increased its stake in Check Point Software Technologies by 28.1% in the 1st quarter. Ameriprise Financial Inc. now owns 1,830,874 shares of the technology company’s stock valued at $417,280,000 after purchasing an additional 401,150 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Check Point Software Technologies by 2.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company’s stock worth $384,591,000 after purchasing an additional 46,713 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of 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 valued at $338,168,000 after buying an additional 450,099 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Check Point Software Technologies by 2,704.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock worth $297,333,000 after buying an additional 1,258,034 shares in the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Up 1.3%

Shares of Check Point Software Technologies stock opened at $193.15 on Tuesday. The business has a fifty day simple moving average of $194.97 and a 200-day simple moving average of $209.10. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 2.87 and a beta of 0.60. Check Point Software Technologies Ltd. has a fifty-two week low of $169.01 and a fifty-two week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly 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 business 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 EPS. The firm’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. Analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHKP has been the subject of several recent analyst reports. Stifel Nicolaus set a $200.00 price target on Check Point Software Technologies in a report on Wednesday, July 30th. Barclays lifted their price objective on Check Point Software Technologies from $215.00 to $220.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 8th. Cantor Fitzgerald set a $220.00 price objective on shares of Check Point Software Technologies and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Finally, Citigroup dropped their price objective on shares of Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. One investment 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $227.00.

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.