Texas Permanent School Fund Corp Has $12.71 Million Holdings in Check Point Software Technologies Ltd. $CHKP

Texas Permanent School Fund Corp boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 91.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,453 shares of the technology company’s stock after purchasing an additional 27,455 shares during the period. Texas Permanent School Fund Corp owned 0.05% of Check Point Software Technologies worth $12,711,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Osaic Holdings Inc. increased its stake in shares of Check Point Software Technologies by 40.2% in the second quarter. Osaic Holdings Inc. now owns 56,597 shares of the technology company’s stock valued at $12,663,000 after buying an additional 16,237 shares in the last quarter. Squarepoint Ops LLC lifted its position in Check Point Software Technologies by 20.9% during the 2nd quarter. Squarepoint Ops LLC now owns 26,464 shares of the technology company’s stock worth $5,855,000 after buying an additional 4,577 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in Check Point Software Technologies by 28.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 113,085 shares of the technology company’s stock worth $25,020,000 after acquiring an additional 25,036 shares during the last quarter. Carter Financial Group INC. acquired a new stake in Check Point Software Technologies in the 2nd quarter valued at about $210,000. Finally, Monarch Capital Management Inc. raised its stake in shares of Check Point Software Technologies by 6.2% in the second quarter. Monarch Capital Management Inc. now owns 2,781 shares of the technology company’s stock worth $615,000 after acquiring an additional 162 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $192.12 on Monday. The firm has a fifty day moving average of $193.85 and a two-hundred day moving average of $202.53. The stock has a market capitalization of $21.13 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 3.06 and a beta of 0.61. Check Point Software Technologies Ltd. has a 52 week low of $178.64 and a 52 week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $1.49. The business 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 firm’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the company earned $2.25 EPS. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS and its Q4 2025 guidance at 2.700-2.800 EPS. As a group, research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of research reports. BMO Capital Markets upped their target price on shares of Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Weiss Ratings raised Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, October 30th. Royal Bank Of Canada increased their price objective on Check Point Software Technologies from $207.00 to $215.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $212.00 target price on Check Point Software Technologies in a research note on Wednesday, October 29th. Finally, Roth Capital reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research note on Monday, October 27th. One equities research 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 stock. According to MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $230.91.

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.