CNB Bank Grows Holdings in Check Point Software Technologies Ltd. $CHKP

CNB Bank raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 69.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 392 shares of the technology company’s stock after buying an additional 161 shares during the period. CNB Bank’s holdings in Check Point Software Technologies were worth $87,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHKP. Horizon Investments LLC increased its position in shares of 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 purchased a new stake in shares of Check Point Software Technologies during the 1st quarter valued at $37,000. Abound Financial LLC purchased a new stake in shares of Check Point Software Technologies during the 1st quarter valued at $40,000. TruNorth Capital Management LLC bought a new stake in shares of Check Point Software Technologies during the 1st quarter worth $45,000. Finally, Summit Securities Group LLC purchased a new position in shares of Check Point Software Technologies in the 1st quarter worth about $49,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating for the company in a report on Wednesday, September 24th. Stephens decreased their price target 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. Cantor Fitzgerald reiterated a “neutral” rating and issued a $220.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday. Barclays increased their price objective on Check Point Software Technologies from $215.00 to $220.00 and gave the company an “equal weight” rating in a report on Tuesday, October 14th. Finally, UBS Group lowered their target price on Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $227.00.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $192.00 on Friday. The company has a market cap of $21.12 billion, a P/E ratio of 25.00, a P/E/G ratio of 2.89 and a beta of 0.60. The stock’s fifty day moving average price is $195.65 and its two-hundred day moving average price is $208.67. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating 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 company had revenue of $665.20 million during the quarter, compared to analysts’ expectations of $663.10 million. During the same period in the previous year, the business earned $2.17 earnings per share. The firm’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. On average, analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal 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.