Main Street Research LLC Takes $30.26 Million Position in Check Point Software Technologies Ltd. $CHKP

Main Street Research LLC purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 136,759 shares of the technology company’s stock, valued at approximately $30,258,000. Check Point Software Technologies makes up 1.9% of Main Street Research LLC’s holdings, making the stock its 29th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of CHKP. Horizon Investments LLC boosted its holdings in shares of Check Point Software Technologies by 116.4% in the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after buying an additional 85 shares during the period. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at about $37,000. TruNorth Capital Management LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at about $45,000. Summit Securities Group LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at about $49,000. Finally, LRI Investments LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at about $50,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Down 1.5%

CHKP stock opened at $191.76 on Wednesday. Check Point Software Technologies Ltd. has a 52 week low of $169.56 and a 52 week high of $234.35. The company has a market capitalization of $21.09 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.97 and a beta of 0.60. The firm’s 50-day moving average is $196.73 and its two-hundred day moving average is $207.48.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 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 company had revenue of $677.50 million for the quarter, compared to the consensus estimate of $673.60 million. During the same period in the previous year, the firm earned $2.25 EPS. Check Point Software Technologies’s revenue 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. On average, equities research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on CHKP shares. Barclays boosted their target price on shares of Check Point Software Technologies from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Citigroup reissued a “sector perform” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 29th. Stephens reduced their target price 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 reissued a “neutral” rating and set a $220.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, October 22nd. Finally, Morgan Stanley set a $212.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $230.48.

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.