MassMutual Private Wealth & Trust FSB Sells 69 Shares of Check Point Software Technologies Ltd. $CHKP

MassMutual Private Wealth & Trust FSB lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 20.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 267 shares of the technology company’s stock after selling 69 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Check Point Software Technologies were worth $59,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CHKP. Assenagon Asset Management S.A. lifted its stake in Check Point Software Technologies by 184.4% in the first quarter. Assenagon Asset Management S.A. now owns 57,690 shares of the technology company’s stock valued at $13,149,000 after acquiring an additional 37,407 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in Check Point Software Technologies in the first quarter valued at $301,000. QRG Capital Management Inc. lifted its stake in Check Point Software Technologies by 19.1% in the first quarter. QRG Capital Management Inc. now owns 2,442 shares of the technology company’s stock valued at $557,000 after acquiring an additional 391 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Check Point Software Technologies by 15.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,937 shares of the technology company’s stock valued at $899,000 after acquiring an additional 541 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its stake in Check Point Software Technologies by 5.6% in the first quarter. Penserra Capital Management LLC now owns 393,212 shares of the technology company’s stock valued at $89,620,000 after acquiring an additional 20,812 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 0.8%

CHKP opened at $197.79 on Friday. The company’s 50 day moving average is $197.65 and its 200-day moving average is $213.16. Check Point Software Technologies Ltd. has a 1-year low of $169.01 and a 1-year high of $234.35. The company has a market cap of $21.75 billion, a P/E ratio of 25.75, a PEG ratio of 2.98 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating 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 company had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. During the same period last year, the company posted $2.17 EPS. The firm’s quarterly 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. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. Citigroup cut their price target on shares of Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating for the company in a research note 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 research note on Thursday, July 31st. Jefferies Financial Group cut their target price on shares of Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Finally, Cantor Fitzgerald set a $220.00 target price on shares of Check Point Software Technologies and gave the stock a “neutral” rating in a research note on Thursday, July 31st. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.