Bank of Montreal Can Sells 139,824 Shares of Check Point Software Technologies Ltd. $CHKP

Bank of Montreal Can lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 66.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,514 shares of the technology company’s stock after selling 139,824 shares during the quarter. Bank of Montreal Can owned about 0.07% of Check Point Software Technologies worth $15,822,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHKP. Fulton Bank N.A. grew its holdings in shares of Check Point Software Technologies by 3.2% during the 2nd quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company’s stock worth $330,000 after purchasing an additional 46 shares in the last quarter. Larson Financial Group LLC lifted its position in Check Point Software Technologies by 23.2% during the first quarter. Larson Financial Group LLC now owns 260 shares of the technology company’s stock worth $59,000 after purchasing an additional 49 shares during the period. Sterling Investment Advisors Ltd. grew its stake in Check Point Software Technologies by 2.6% during the second quarter. Sterling Investment Advisors Ltd. now owns 1,970 shares of the technology company’s stock worth $436,000 after buying an additional 50 shares in the last quarter. Contravisory Investment Management Inc. increased its holdings in Check Point Software Technologies by 1.2% in the 2nd quarter. Contravisory Investment Management Inc. now owns 4,693 shares of the technology company’s stock valued at $1,038,000 after buying an additional 55 shares during the period. Finally, Aaron Wealth Advisors LLC raised its position in shares of Check Point Software Technologies by 5.2% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company’s stock valued at $244,000 after buying an additional 55 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on CHKP. Weiss Ratings upgraded shares of Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, October 30th. Stephens decreased their price target on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 31st. Jefferies Financial Group dropped their price objective on Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. UBS Group raised their price objective on Check Point Software Technologies from $210.00 to $215.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Citigroup reissued a “sector perform” rating on shares of Check Point Software Technologies in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and a consensus target price of $230.48.

Check Point Software Technologies Trading Up 1.9%

Check Point Software Technologies stock opened at $200.29 on Friday. The stock has a 50-day moving average price of $197.07 and a two-hundred day moving average price of $207.27. Check Point Software Technologies Ltd. has a 12 month low of $170.99 and a 12 month high of $234.35. The company has a market capitalization of $22.03 billion, a PE ratio of 21.94, a P/E/G ratio of 2.97 and a beta of 0.58.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $1.49. The company had revenue of $677.50 million during the quarter, compared to the consensus estimate of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.25 earnings per share. 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, analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

About Check Point Software Technologies

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.