Check Point Software Technologies Ltd. $CHKP Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,055 shares of the technology company’s stock after selling 66 shares during the period. Parallel Advisors LLC’s holdings in Check Point Software Technologies were worth $455,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new stake in Check Point Software Technologies in the 4th quarter valued at about $29,000. Horizon Investments LLC grew its stake in Check Point Software Technologies by 116.4% in the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after acquiring an additional 85 shares during the last quarter. Cromwell Holdings LLC acquired a new stake in Check Point Software Technologies in the 1st quarter valued at about $37,000. Abound Financial LLC acquired a new stake in Check Point Software Technologies in the 1st quarter valued at about $40,000. Finally, Menard Financial Group LLC acquired a new stake in Check Point Software Technologies in the 4th quarter valued at about $41,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

CHKP opened at $197.79 on Friday. The company’s 50 day simple moving average is $197.65 and its 200 day simple moving average is $213.22. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35. The stock has a market capitalization of $21.75 billion, a PE ratio of 25.75, a P/E/G ratio of 2.95 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last released its 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 business had revenue of $665.20 million for the quarter, compared to analysts’ expectations of $663.10 million. During the same period last year, the company earned $2.17 earnings per share. The company’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. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on CHKP. Royal Bank Of Canada lowered their price objective on shares of Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 31st. Barclays set a $215.00 price objective on shares of Check Point Software Technologies and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Wells Fargo & Company cut their price objective on shares of Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Morgan Stanley cut their price objective on shares of Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 2nd. Finally, Cantor Fitzgerald set a $220.00 price objective on shares of Check Point Software Technologies and gave the company a “neutral” rating in a research report on Thursday, July 31st. One equities research 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 stock. According to data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $227.58.

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.