Robeco Institutional Asset Management B.V. Sells 189,285 Shares of Check Point Software Technologies Ltd. $CHKP

Robeco Institutional Asset Management B.V. lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 11.6% in the third quarter, Holdings Channel reports. The fund owned 1,444,649 shares of the technology company’s stock after selling 189,285 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Check Point Software Technologies were worth $298,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Check Point Software Technologies during the second quarter worth $714,801,000. Schroder Investment Management Group boosted its holdings in shares of Check Point Software Technologies by 2,413.2% during the 2nd quarter. Schroder Investment Management Group now owns 628,858 shares of the technology company’s stock valued at $139,135,000 after acquiring an additional 603,836 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in 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 worth $338,168,000 after acquiring an additional 450,099 shares during the last quarter. Axiom Investors LLC DE acquired a new position in Check Point Software Technologies in the 1st quarter worth about $68,010,000. Finally, Qube Research & Technologies Ltd raised its position in Check Point Software Technologies by 1,886.1% in the second quarter. Qube Research & Technologies Ltd now owns 253,003 shares of the technology company’s stock valued at $55,977,000 after purchasing an additional 240,264 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Up 2.2%

Shares of Check Point Software Technologies stock opened at $185.10 on Tuesday. The business has a 50-day moving average price of $191.45 and a two-hundred day moving average price of $198.24. 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 market cap of $20.36 billion, a P/E ratio of 20.27, a PEG ratio of 3.18 and a beta of 0.59.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Citigroup boosted their price target on Check Point Software Technologies from $200.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Stifel Nicolaus set a $211.00 target price on shares of Check Point Software Technologies in a report on Tuesday, October 28th. Barclays decreased their price target on shares of Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday. UBS Group boosted their price objective on shares of Check Point Software Technologies from $210.00 to $215.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, JPMorgan Chase & Co. lowered their target price on Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating for the company in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $229.50.

About Check Point Software Technologies

Check Point Software Technologies Ltd. is an Israeli-founded cybersecurity company that develops, markets and supports a broad portfolio of network, cloud and endpoint security products. Founded in 1993, the company was an early pioneer of stateful inspection firewall technology and later developed a modular “software blade” approach that allowed customers to combine protection capabilities. Check Point’s product set spans physical and virtual security appliances, software and cloud-native services designed to prevent cyberattacks, protect data and simplify security management for enterprises and service providers.

Key product families include Quantum Security Gateways (on-premises and hybrid appliances), CloudGuard (cloud security posture and workload protection), Harmony (endpoint, remote access and unified endpoint security), and SandBlast (advanced threat prevention and sandboxing).