Marshall Wace LLP Sells 340,071 Shares of Check Point Software Technologies Ltd. $CHKP

Marshall Wace LLP reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 82.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,767 shares of the technology company’s stock after selling 340,071 shares during the quarter. Marshall Wace LLP’s holdings in Check Point Software Technologies were worth $16,321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter worth about $714,801,000. Ninety One UK Ltd grew its stake in Check Point Software Technologies by 2.6% during the second quarter. Ninety One UK Ltd now owns 2,592,778 shares of the technology company’s stock worth $573,652,000 after buying an additional 64,745 shares during the last quarter. First Trust Advisors LP grew its stake in Check Point Software Technologies by 9.6% during the second quarter. First Trust Advisors LP now owns 1,899,862 shares of the technology company’s stock worth $420,344,000 after buying an additional 166,092 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Check Point Software Technologies by 28.1% during the first quarter. Ameriprise Financial Inc. now owns 1,830,874 shares of the technology company’s stock worth $417,280,000 after buying an additional 401,150 shares in the last quarter. Finally, 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% in the first 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. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CHKP. Royal Bank Of Canada increased their price target on Check Point Software Technologies from $207.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 29th. Barclays increased their target price on Check Point Software Technologies from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Scotiabank lifted their price target on Check Point Software Technologies from $205.00 to $210.00 and gave the company a “sector perform” rating in a report on Wednesday, October 29th. Mizuho set a $225.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, October 29th. Finally, Weiss Ratings raised shares of Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $230.48.

Check Point Software Technologies Stock Up 1.8%

Shares of CHKP stock opened at $194.19 on Wednesday. The firm has a market cap of $21.36 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 3.04 and a beta of 0.61. Check Point Software Technologies Ltd. has a 12 month low of $178.64 and a 12 month high of $234.35. The stock has a 50-day moving average price of $194.30 and a 200 day moving average price of $203.18.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results 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 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 period in the prior year, the company posted $2.25 EPS. The company’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. Sell-side analysts predict 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.