Check Point Software Technologies Ltd. $CHKP Shares Sold by Baldwin Wealth Partners LLC MA

Baldwin Wealth Partners LLC MA lessened its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,803 shares of the technology company’s stock after selling 176 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Check Point Software Technologies were worth $399,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in shares of Check Point Software Technologies by 184.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 57,690 shares of the technology company’s stock valued at $13,149,000 after purchasing an additional 37,407 shares during the last quarter. Sowell Financial Services LLC acquired a new position in shares of Check Point Software Technologies in the 1st quarter valued at $301,000. QRG Capital Management Inc. boosted its holdings in shares of Check Point Software Technologies by 19.1% in the 1st quarter. QRG Capital Management Inc. now owns 2,442 shares of the technology company’s stock valued at $557,000 after purchasing an additional 391 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Check Point Software Technologies by 15.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,937 shares of the technology company’s stock valued at $899,000 after acquiring an additional 541 shares during the period. Finally, Penserra Capital Management LLC raised its stake in shares of Check Point Software Technologies by 5.6% in the 1st quarter. Penserra Capital Management LLC now owns 393,212 shares of the technology company’s stock valued at $89,620,000 after acquiring an additional 20,812 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CHKP. Jefferies Financial Group cut their target price on shares of Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Barclays set a $215.00 target price on shares of Check Point Software Technologies and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Stephens cut their target price on shares of Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 31st. Stifel Nicolaus set a $200.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, July 30th. Finally, Citigroup cut their target price on shares of Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating on the stock in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $226.79.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $198.05 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35. The company has a market capitalization of $21.78 billion, a price-to-earnings ratio of 25.79, a price-to-earnings-growth ratio of 3.02 and a beta of 0.60. The firm’s fifty day moving average price is $194.19 and its 200 day moving average price is $211.02.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The firm had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. During the same quarter in the previous year, the firm posted $2.17 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Check Point Software Technologies has set its FY 2025 guidance at 9.600-10.200 EPS. Q3 2025 guidance at 2.400-2.500 EPS. Analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

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.