Check Point Software Technologies Ltd. $CHKP Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 25.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 72,971 shares of the technology company’s stock after acquiring an additional 14,814 shares during the period. SG Americas Securities LLC’s holdings in Check Point Software Technologies were worth $15,098,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Davis Capital Management acquired a new stake in Check Point Software Technologies in the third quarter valued at about $1,276,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 worth $338,168,000 after buying an additional 450,099 shares in the last quarter. Ninety One UK Ltd lifted its holdings in shares of Check Point Software Technologies by 0.3% in the 3rd quarter. Ninety One UK Ltd now owns 2,601,592 shares of the technology company’s stock valued at $538,295,000 after buying an additional 8,814 shares during the period. Triton Financial Group Inc purchased a new stake in shares of Check Point Software Technologies in the second quarter valued at approximately $2,296,000. Finally, Modern Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the first quarter valued at approximately $290,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. BMO Capital Markets raised their target price on Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. UBS Group increased 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 decreased their price objective on shares of Check Point Software Technologies from $215.00 to $195.00 and set a “sector perform” rating on the stock in a report on Monday. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 22nd. Finally, Roth Capital reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $229.50.

Check Point Software Technologies Trading Up 0.6%

Shares of NASDAQ CHKP opened at $190.76 on Friday. The stock has a market cap of $20.98 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 3.32 and a beta of 0.59. The company’s 50-day moving average price is $190.77 and its 200 day moving average price is $197.90. 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 announced 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. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The company had revenue of $677.50 million for the quarter, compared to the consensus estimate of $673.60 million. During the same quarter in the prior year, the firm earned $2.25 earnings per share. The company’s revenue for the quarter 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. As a group, research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Check Point Software Technologies Company Profile

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).