Achmea Investment Management B.V. Decreases Stock Position in Check Point Software Technologies Ltd. $CHKP

Achmea Investment Management B.V. lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 57.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,066 shares of the technology company’s stock after selling 20,136 shares during the period. Achmea Investment Management B.V.’s holdings in Check Point Software Technologies were worth $3,334,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its stake in Check Point Software Technologies by 2,704.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock worth $297,333,000 after buying an additional 1,258,034 shares during the period. Invesco Ltd. grew its stake in shares of Check Point Software Technologies by 737.5% during the first quarter. Invesco Ltd. now owns 982,986 shares of the technology company’s stock valued at $224,042,000 after acquiring an additional 865,608 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of Check Point Software Technologies by 214.6% during the first quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company’s stock worth $197,086,000 after acquiring an additional 589,816 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Check Point Software Technologies by 43.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company’s stock worth $338,168,000 after acquiring an additional 450,099 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in shares of Check Point Software Technologies by 28.1% in the first quarter. Ameriprise Financial Inc. now owns 1,830,874 shares of the technology company’s stock worth $417,280,000 after acquiring an additional 401,150 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 1.9%

Shares of NASDAQ CHKP opened at $200.29 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $170.99 and a 12-month high of $234.35. The company has a market cap of $22.03 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. The stock’s 50 day simple moving average is $197.07 and its 200 day simple moving average is $207.27.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $2.45 by $1.49. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The firm had revenue of $677.50 million for the quarter, compared to analyst estimates of $673.60 million. During the same period last year, the company earned $2.25 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS. Q4 2025 guidance at 2.700-2.800 EPS. As a group, equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays raised their price objective on Check Point Software Technologies from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. BMO Capital Markets lifted their price target on shares of Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada upped their price target on shares of Check Point Software Technologies from $207.00 to $215.00 and gave the company a “sector perform” rating in a report on Wednesday, October 29th. Scotiabank raised their price objective on shares of Check Point Software Technologies from $205.00 to $210.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 29th. Finally, Stifel Nicolaus set a $211.00 target price on shares of Check Point Software Technologies in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat, Check Point Software Technologies has an average rating of “Hold” and a consensus target price of $230.48.

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.