Skandinaviska Enskilda Banken AB publ Has $7.67 Million Holdings in Check Point Software Technologies Ltd. $CHKP

Skandinaviska Enskilda Banken AB publ cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 35.0% in the second quarter, HoldingsChannel reports. The firm owned 34,655 shares of the technology company’s stock after selling 18,626 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Check Point Software Technologies were worth $7,667,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of Check Point Software Technologies during the 2nd quarter worth about $25,000. Horizon Investments LLC raised its stake 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 acquiring an additional 85 shares in the last quarter. AlphaCore Capital LLC bought a new stake in Check Point Software Technologies during the second quarter worth approximately $43,000. Summit Securities Group LLC acquired a new position in Check Point Software Technologies during the first quarter valued at approximately $49,000. Finally, Costello Asset Management INC acquired a new position in Check Point Software Technologies during the first quarter valued at approximately $62,000. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $191.50 on Monday. The company has a 50-day simple moving average of $196.04 and a 200-day simple moving average of $204.65. Check Point Software Technologies Ltd. has a 52 week low of $178.64 and a 52 week high of $234.35. The firm has a market capitalization of $21.06 billion, a P/E ratio of 20.97, a P/E/G ratio of 2.97 and a beta of 0.58.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results 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 firm had revenue of $677.50 million for the quarter, compared to analyst estimates of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company 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, equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CHKP. Citigroup reaffirmed a “sector perform” rating on shares of Check Point Software Technologies in a report on Wednesday, October 29th. Stifel Nicolaus set a $211.00 target price on shares of Check Point Software Technologies in a research report on Tuesday, October 28th. UBS Group upped their price target on shares of Check Point Software Technologies from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Royal Bank Of Canada lifted their price objective on Check Point Software Technologies from $207.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings raised Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $230.48.

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.