Check Point Software Technologies Ltd. $CHKP Shares Acquired by Voya Investment Management LLC

Voya Investment Management LLC grew its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 569,863 shares of the technology company’s stock after acquiring an additional 16,894 shares during the quarter. Voya Investment Management LLC’s holdings in Check Point Software Technologies were worth $117,910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CHKP. Legacy Investment Solutions LLC acquired a new stake in Check Point Software Technologies during the 2nd quarter worth about $25,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Check Point Software Technologies in the third quarter worth approximately $42,000. AlphaCore Capital LLC acquired a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $43,000. SVB Wealth LLC purchased a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $74,000. Finally, CENTRAL TRUST Co boosted its stake in Check Point Software Technologies by 126.7% in the 2nd quarter. CENTRAL TRUST Co now owns 340 shares of the technology company’s stock worth $75,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citigroup boosted their target price on shares of Check Point Software Technologies from $200.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. lowered their price target on Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating on the stock in a report on Wednesday, September 24th. Royal Bank Of Canada increased their price objective on Check Point Software Technologies from $207.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 29th. Morgan Stanley set a $212.00 price objective on Check Point Software Technologies in a research report on Wednesday, October 29th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $220.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $230.91.

Check Point Software Technologies Trading Up 0.6%

CHKP opened at $189.14 on Friday. The stock has a fifty day moving average price of $192.73 and a 200 day moving average price of $201.51. Check Point Software Technologies Ltd. has a 1 year low of $178.64 and a 1 year high of $234.35. The stock has a market cap of $20.80 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 3.00 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. The company had revenue of $677.50 million during the quarter, compared to the consensus estimate of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $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, sell-side 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. 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).