Bank Julius Baer & Co. Ltd Zurich Sells 354 Shares of Check Point Software Technologies Ltd. $CHKP

Bank Julius Baer & Co. Ltd Zurich lowered its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,702 shares of the technology company’s stock after selling 354 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Check Point Software Technologies were worth $1,262,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Invesco Ltd. grew 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 worth $224,042,000 after buying an additional 865,608 shares during the period. Westfield Capital Management Co. LP boosted its stake in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 purchasing an additional 450,099 shares during the period. Ameriprise Financial Inc. increased its stake in 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 valued at $417,280,000 after purchasing an additional 401,150 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Check Point Software Technologies in the first quarter valued at $88,286,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $187.08 on Friday. The company has a market capitalization of $20.58 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. Check Point Software Technologies Ltd. has a 52-week low of $178.64 and a 52-week high of $234.35. The company has a 50-day simple moving average of $197.20 and a 200 day simple moving average of $205.87.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results 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. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The firm had revenue of $677.50 million for the quarter, compared to analysts’ expectations of $673.60 million. During the same period in the previous year, the company earned $2.25 earnings per share. The company’s quarterly revenue 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, analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CHKP. Weiss Ratings raised shares of Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, October 30th. UBS Group increased their price target on Check Point Software Technologies from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Morgan Stanley set a $212.00 price objective on Check Point Software Technologies in a research note on Wednesday, October 29th. Scotiabank upped their target price on Check Point Software Technologies from $205.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 29th. Finally, Stephens cut their target price 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. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $230.48.

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.