Check Point Software Technologies Ltd. $CHKP Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 20.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 58,322 shares of the technology company’s stock after selling 14,700 shares during the period. Teacher Retirement System of Texas’ holdings in Check Point Software Technologies were worth $12,067,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CHKP. Davis Capital Management acquired a new stake in Check Point Software Technologies in the 3rd quarter worth approximately $1,276,000. Ninety One UK Ltd raised its holdings in shares of Check Point Software Technologies by 0.3% in the third quarter. Ninety One UK Ltd now owns 2,601,592 shares of the technology company’s stock worth $538,295,000 after buying an additional 8,814 shares during the last quarter. Triton Financial Group Inc purchased a new position in shares of Check Point Software Technologies in the second quarter worth $2,296,000. Meyer Handelman Co. lifted its stake in shares of Check Point Software Technologies by 11.9% during the third quarter. Meyer Handelman Co. now owns 52,291 shares of the technology company’s stock worth $10,820,000 after buying an additional 5,552 shares during the period. Finally, Aberdeen Group plc grew its holdings in shares of Check Point Software Technologies by 4.9% during the second quarter. Aberdeen Group plc now owns 39,850 shares of the technology company’s stock valued at $8,817,000 after buying an additional 1,848 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CHKP. KeyCorp raised Check Point Software Technologies to a “hold” rating in a research report on Monday, January 12th. Scotiabank reiterated a “sector perform” rating and set a $195.00 price target on shares of Check Point Software Technologies in a research note on Wednesday. Truist Financial set a $225.00 price objective on Check Point Software Technologies in a research note on Tuesday. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $220.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 22nd. Finally, UBS Group upped their target price on Check Point Software Technologies from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, Check Point Software Technologies has an average rating of “Moderate Buy” and a consensus target price of $228.59.

Check Point Software Technologies Stock Up 1.7%

Shares of CHKP stock opened at $181.23 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $173.77 and a 52-week high of $234.35. The stock has a market cap of $19.93 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 3.38 and a beta of 0.59. The business has a 50-day simple moving average of $187.78 and a 200-day simple moving average of $194.91.

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 for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $673.60 million. During the same period last year, the business earned $2.25 earnings per share. Check Point Software Technologies’s quarterly revenue was up 6.7% on a year-over-year basis. 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 anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Check Point Software Technologies 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).