Check Point Software Technologies Ltd. $CHKP Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 54.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 489 shares of the technology company’s stock after selling 575 shares during the quarter. Fifth Third Bancorp’s holdings in Check Point Software Technologies were worth $108,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of CHKP. Horizon Investments LLC boosted its holdings in shares of Check Point Software Technologies by 116.4% during the first 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 period. Cromwell Holdings LLC acquired a new stake in Check Point Software Technologies in the first quarter worth about $37,000. Abound Financial LLC acquired a new stake in Check Point Software Technologies in the first quarter worth about $40,000. TruNorth Capital Management LLC acquired a new stake in Check Point Software Technologies in the first quarter worth about $45,000. Finally, Summit Securities Group LLC acquired a new stake in Check Point Software Technologies in the first quarter worth about $49,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Trading Down 1.3%

NASDAQ CHKP opened at $204.13 on Thursday. The stock’s 50-day moving average price is $195.08 and its two-hundred day moving average price is $212.19. The company has a market cap of $22.45 billion, a PE ratio of 26.58, a PEG ratio of 3.11 and a beta of 0.60. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data 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. The firm had revenue of $665.20 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.17 EPS. 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. Research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CHKP. Morgan Stanley reduced 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 report on Tuesday, September 2nd. Jefferies Financial Group reduced their price objective on shares of Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Barclays set a $215.00 price objective on shares of Check Point Software Technologies and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Cantor Fitzgerald set a $220.00 price target on shares of Check Point Software Technologies and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Finally, Citigroup dropped their price target on shares of Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $227.42.

Check Point Software Technologies 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.