Sumitomo Mitsui DS Asset Management Company Ltd Buys 629 Shares of Check Point Software Technologies Ltd. $CHKP

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,183 shares of the technology company’s stock after acquiring an additional 629 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Check Point Software Technologies were worth $2,474,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its holdings in Check Point Software Technologies by 23.2% in the first quarter. Larson Financial Group LLC now owns 260 shares of the technology company’s stock valued at $59,000 after acquiring an additional 49 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Check Point Software Technologies by 19.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company’s stock valued at $77,000 after acquiring an additional 55 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in Check Point Software Technologies by 5.2% in the second quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company’s stock valued at $244,000 after acquiring an additional 55 shares in the last quarter. 3Chopt Investment Partners LLC boosted its holdings in Check Point Software Technologies by 0.3% in the first quarter. 3Chopt Investment Partners LLC now owns 19,571 shares of the technology company’s stock valued at $4,461,000 after acquiring an additional 56 shares in the last quarter. Finally, USS Investment Management Ltd boosted its holdings in Check Point Software Technologies by 0.3% in the first quarter. USS Investment Management Ltd now owns 16,777 shares of the technology company’s stock valued at $3,825,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 0.8%

Shares of CHKP opened at $197.79 on Monday. The company has a market cap of $21.75 billion, a PE ratio of 25.75, a P/E/G ratio of 2.98 and a beta of 0.60. The business has a fifty day moving average of $197.65 and a 200 day moving average of $213.09. Check Point Software Technologies Ltd. has a 52-week low of $169.01 and a 52-week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.36 by $0.01. The firm had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.17 earnings per share. 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, research analysts anticipate 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 analysts have recently commented on the stock. Royal Bank Of Canada dropped their target price on shares of Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating on the stock in a report on Thursday, July 31st. UBS Group reduced their target price on shares of Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Scotiabank reduced their target price on shares of Check Point Software Technologies from $240.00 to $220.00 and set a “sector outperform” rating on the stock in a research report on Thursday, July 31st. Stephens reduced their target price on shares of Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a research report 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 report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and a consensus 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.