Grantham Mayo Van Otterloo & Co. LLC Trims Position in Check Point Software Technologies Ltd. $CHKP

Grantham Mayo Van Otterloo & Co. LLC lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 64.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,719 shares of the technology company’s stock after selling 57,460 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Check Point Software Technologies were worth $7,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new position in Check Point Software Technologies in the 2nd quarter worth $25,000. Horizon Investments LLC raised its stake in Check Point Software Technologies by 116.4% in the first quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock worth $36,000 after buying an additional 85 shares in the last quarter. AlphaCore Capital LLC bought a new position in Check Point Software Technologies in the second quarter worth about $43,000. Summit Securities Group LLC purchased a new stake in Check Point Software Technologies in the first quarter worth about $49,000. Finally, Costello Asset Management INC bought a new stake in Check Point Software Technologies during the 1st quarter valued at approximately $62,000. Institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CHKP shares. Roth Capital restated a “neutral” rating on shares of Check Point Software Technologies in a research note on Monday, October 27th. Scotiabank raised their price objective on Check Point Software Technologies from $205.00 to $210.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 29th. Mizuho set a $225.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Citigroup reiterated a “sector perform” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 29th. Finally, BMO Capital Markets boosted their price objective on shares of Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $230.48.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $191.50 on Friday. The business has a fifty day moving average price of $196.04 and a 200-day moving average price of $204.72. The company has a market capitalization of $21.06 billion, a PE ratio of 20.97, a PEG ratio of 2.97 and a beta of 0.58. Check Point Software Technologies Ltd. has a 1-year low of $178.64 and a 1-year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, beating the consensus estimate of $2.45 by $1.49. The company had revenue of $677.50 million for the quarter, compared to the consensus estimate of $673.60 million. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. Check Point Software Technologies’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.25 EPS. 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, sell-side analysts anticipate 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.