Check Point Software Technologies Ltd. $CHKP Shares Sold by AE Wealth Management LLC

AE Wealth Management LLC decreased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 31.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,192 shares of the technology company’s stock after selling 558 shares during the period. AE Wealth Management LLC’s holdings in Check Point Software Technologies were worth $264,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ninety One UK Ltd lifted its position in Check Point Software Technologies by 2.6% during the second quarter. Ninety One UK Ltd now owns 2,592,778 shares of the technology company’s stock worth $573,652,000 after buying an additional 64,745 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Check Point Software Technologies by 28.1% in the 1st 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Check Point Software Technologies by 43.5% during the 1st 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 during the period. Invesco Ltd. boosted its position in shares of Check Point Software Technologies by 737.5% during the 1st 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 during the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in shares of Check Point Software Technologies by 214.6% in the first quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company’s stock valued at $197,086,000 after purchasing an additional 589,816 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CHKP shares. Jefferies Financial Group reduced their target price on shares of Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Scotiabank lifted their price target on shares of Check Point Software Technologies from $205.00 to $210.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 29th. Wells Fargo & Company lowered their price objective on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Royal Bank Of Canada raised their target price on Check Point Software Technologies from $207.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 29th. Finally, Stifel Nicolaus set a $211.00 price target on Check Point Software Technologies in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $230.48.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $197.52 on Monday. The company’s 50-day simple moving average is $198.00 and its 200-day simple moving average is $206.85. Check Point Software Technologies Ltd. has a 1 year low of $170.99 and a 1 year high of $234.35. The stock has a market capitalization of $21.72 billion, a PE ratio of 21.63, a P/E/G ratio of 2.97 and a beta of 0.58.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $1.49. The firm had revenue of $677.50 million during the quarter, compared to analysts’ expectations of $673.60 million. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.25 earnings per share. 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. On average, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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.