Janney Montgomery Scott LLC Sells 719 Shares of Check Point Software Technologies Ltd. $CHKP

Janney Montgomery Scott LLC trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,428 shares of the technology company’s stock after selling 719 shares during the period. Janney Montgomery Scott LLC’s holdings in Check Point Software Technologies were worth $4,741,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Horizon Investments LLC raised its position in shares of Check Point Software Technologies by 116.4% in the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock worth $36,000 after acquiring an additional 85 shares in the last quarter. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at about $37,000. Abound Financial LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at about $40,000. TruNorth Capital Management LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at about $45,000. Finally, Summit Securities Group LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at about $49,000. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Down 0.3%

Shares of CHKP opened at $200.44 on Wednesday. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The company has a market capitalization of $22.04 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 3.02 and a beta of 0.60. The stock’s 50-day moving average price is $193.66 and its 200-day moving average price is $211.30.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The firm had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. During the same quarter in the prior year, the business earned $2.17 earnings per share. The company’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 anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Ratings Changes

CHKP has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating on the stock in a research report on Thursday, July 31st. Stifel Nicolaus set a $200.00 target price on Check Point Software Technologies in a research report on Wednesday, July 30th. Barclays set a $215.00 target price on Check Point Software Technologies and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Stephens cut their price objective on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a report on Thursday, July 31st. Finally, Jefferies Financial Group cut their price objective on 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, ten have issued a Buy rating and seventeen have given a Hold rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and an average price target of $226.79.

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.