Yousif Capital Management LLC Reduces Stock Position in Check Point Software Technologies Ltd. $CHKP

Yousif Capital Management LLC trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,395 shares of the technology company’s stock after selling 81 shares during the quarter. Yousif Capital Management LLC’s holdings in Check Point Software Technologies were worth $1,194,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Horizon Investments LLC lifted its holdings 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 buying an additional 85 shares during the period. Cromwell Holdings LLC purchased a new stake in shares of Check Point Software Technologies in the 1st quarter worth $37,000. Abound Financial LLC purchased a new stake in shares of Check Point Software Technologies in the 1st quarter worth $40,000. TruNorth Capital Management LLC purchased a new stake in shares of Check Point Software Technologies in the 1st quarter worth $45,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Check Point Software Technologies in the 1st quarter worth $49,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CHKP shares. Barclays upped their target price on Check Point Software Technologies from $215.00 to $220.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. Cantor Fitzgerald set a $220.00 price target on Check Point Software Technologies and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Stifel Nicolaus set a $200.00 price target on Check Point Software Technologies in a research report on Wednesday, July 30th. Royal Bank Of Canada reduced their price target on Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating for the company in a research report on Thursday, July 31st. Finally, Jefferies Financial Group reduced their price target on Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $227.00.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $196.75 on Wednesday. The business’s 50-day moving average is $195.29 and its 200 day moving average is $209.01. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35. The firm has a market capitalization of $21.64 billion, a P/E ratio of 25.62, a P/E/G ratio of 2.91 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. During the same period in the prior 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, analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

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.