Thrivent Financial for Lutherans Purchases 25,036 Shares of Check Point Software Technologies Ltd. $CHKP

Thrivent Financial for Lutherans boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 28.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,085 shares of the technology company’s stock after purchasing an additional 25,036 shares during the period. Thrivent Financial for Lutherans owned 0.10% of Check Point Software Technologies worth $25,020,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CHKP. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Check Point Software Technologies by 43.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company’s stock valued at $338,168,000 after acquiring an additional 450,099 shares during the last quarter. Triton Financial Group Inc bought a new position in shares of Check Point Software Technologies during the 2nd quarter valued at about $2,296,000. BNP Paribas Financial Markets increased its position in shares of Check Point Software Technologies by 42.2% during the first quarter. BNP Paribas Financial Markets now owns 179,309 shares of the technology company’s stock worth $40,868,000 after acquiring an additional 53,204 shares in the last quarter. Modern Wealth Management LLC bought a new position in Check Point Software Technologies during the 1st quarter worth about $290,000. Finally, Aberdeen Group plc raised its position in Check Point Software Technologies by 4.9% in the 2nd quarter. Aberdeen Group plc now owns 39,850 shares of the technology company’s stock valued at $8,817,000 after buying an additional 1,848 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CHKP shares. Cantor Fitzgerald restated a “neutral” rating and issued a $220.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, October 22nd. Roth Capital reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research report on Monday, October 27th. Mizuho set a $225.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Morgan Stanley set a $212.00 target price on Check Point Software Technologies in a research report on Wednesday, October 29th. Finally, Stifel Nicolaus set a $211.00 price objective on shares of Check Point Software Technologies in a research note on Tuesday, October 28th. One research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $230.91.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $187.29 on Tuesday. The stock has a market capitalization of $20.60 billion, a P/E ratio of 20.51, a P/E/G ratio of 3.06 and a beta of 0.61. Check Point Software Technologies Ltd. has a 1 year low of $178.64 and a 1 year high of $234.35. The company has a 50-day moving average price of $193.58 and a 200-day moving average price of $202.27.

Check Point Software Technologies (NASDAQ:CHKP) last posted 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 firm had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business posted $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, equities research 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.