Check Point Software Technologies Ltd. $CHKP Holdings Reduced by IFG Advisory LLC

IFG Advisory LLC trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,324 shares of the technology company’s stock after selling 106 shares during the period. IFG Advisory LLC’s holdings in Check Point Software Technologies were worth $6,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AdvisorShares Investments LLC boosted its stake in Check Point Software Technologies by 18.9% during the second quarter. AdvisorShares Investments LLC now owns 4,673 shares of the technology company’s stock valued at $1,034,000 after buying an additional 744 shares in the last quarter. Savvy Advisors Inc. acquired a new position in Check Point Software Technologies in the second quarter worth approximately $231,000. Assetmark Inc. boosted its stake in shares of Check Point Software Technologies by 124.3% during the 2nd quarter. Assetmark Inc. now owns 162,846 shares of the technology company’s stock worth $36,030,000 after acquiring an additional 90,247 shares in the last quarter. Daymark Wealth Partners LLC boosted its stake in shares of Check Point Software Technologies by 230.7% during the 2nd quarter. Daymark Wealth Partners LLC now owns 6,557 shares of the technology company’s stock worth $1,451,000 after acquiring an additional 4,574 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Check Point Software Technologies by 3.2% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 70,461 shares of the technology company’s stock worth $15,589,000 after acquiring an additional 2,208 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 1.1%

Shares of CHKP opened at $199.48 on Friday. The firm has a market cap of $21.94 billion, a price-to-earnings ratio of 21.85, a price-to-earnings-growth ratio of 2.97 and a beta of 0.60. Check Point Software Technologies Ltd. has a 12 month low of $169.01 and a 12 month high of $234.35. The company’s fifty day moving average is $196.40 and its 200-day moving average is $208.12.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The firm had revenue of $677.50 million during the quarter, compared to analysts’ expectations of $673.60 million. During the same period in the prior year, the company posted $2.25 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 6.7% on a year-over-year basis. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS. Q4 2025 guidance at 2.700-2.800 EPS. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHKP has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on shares of Check Point Software Technologies from $207.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Weiss Ratings raised Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday. Stifel Nicolaus set a $211.00 target price on Check Point Software Technologies in a research note on Tuesday. JPMorgan Chase & Co. decreased their price target 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. Finally, Citigroup reiterated a “sector perform” rating on shares of Check Point Software Technologies in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price of $230.48.

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.