Royal Bank of Canada Cuts Stock Holdings in Check Point Software Technologies Ltd. $CHKP

Royal Bank of Canada reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,173 shares of the technology company’s stock after selling 8,161 shares during the period. Royal Bank of Canada owned approximately 0.09% of Check Point Software Technologies worth $23,515,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CHKP. Dimensional Fund Advisors LP increased its holdings in Check Point Software Technologies by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,712 shares of the technology company’s stock valued at $2,373,000 after buying an additional 103 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at about $429,000. Mercer Global Advisors Inc. ADV increased its holdings in Check Point Software Technologies by 16.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,586 shares of the technology company’s stock valued at $669,000 after buying an additional 514 shares in the last quarter. Baird Financial Group Inc. increased its holdings in Check Point Software Technologies by 7.2% in the fourth quarter. Baird Financial Group Inc. now owns 10,774 shares of the technology company’s stock valued at $2,012,000 after buying an additional 724 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Check Point Software Technologies by 7.4% in the fourth quarter. Captrust Financial Advisors now owns 10,511 shares of the technology company’s stock valued at $1,962,000 after buying an additional 722 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHKP has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, May 13th. Mizuho increased their target price on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, June 16th. Citigroup dropped their target price on shares of Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating for the company in a report on Monday, August 18th. Barclays set a $215.00 price target on shares of Check Point Software Technologies and gave the company an “equal weight” rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group reduced their price target on shares of Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $227.58.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $196.90 on Tuesday. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35. The firm’s 50 day moving average price is $202.34 and its 200 day moving average price is $214.55. The firm has a market cap of $21.66 billion, a P/E ratio of 25.64, a price-to-earnings-growth ratio of 2.90 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $663.10 million. During the same quarter last year, the business earned $2.17 earnings per share. Check Point Software Technologies’s revenue was up 6.0% compared to the same quarter last year. 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. As a group, equities analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current 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.