Ariel Investments LLC Sells 183,674 Shares of Check Point Software Technologies Ltd. $CHKP

Ariel Investments LLC cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 27.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 493,547 shares of the technology company’s stock after selling 183,674 shares during the period. Ariel Investments LLC owned approximately 0.45% of Check Point Software Technologies worth $109,197,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Check Point Software Technologies by 43.5% in 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 in the last quarter. Nuveen LLC bought a new position in shares of Check Point Software Technologies in the first quarter worth approximately $88,286,000. National Pension Service boosted its position in shares of Check Point Software Technologies by 49.2% in the first quarter. National Pension Service now owns 393,586 shares of the technology company’s stock worth $89,706,000 after purchasing an additional 129,829 shares during the period. Triton Financial Group Inc purchased a new stake in shares of Check Point Software Technologies in the second quarter worth $2,296,000. Finally, BNP Paribas Financial Markets raised its position in shares of Check Point Software Technologies by 42.2% during the 1st quarter. BNP Paribas Financial Markets now owns 179,309 shares of the technology company’s stock valued at $40,868,000 after purchasing an additional 53,204 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. BMO Capital Markets increased their price target on 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. UBS Group lifted their price objective on shares of Check Point Software Technologies from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Roth Capital restated a “neutral” rating on shares of Check Point Software Technologies in a research report on Monday, October 27th. Royal Bank Of Canada raised their target price on shares of Check Point Software Technologies from $207.00 to $215.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings upgraded shares of Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, October 30th. One investment 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’s stock. Based on data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and an average target price of $230.48.

Check Point Software Technologies Stock Up 1.8%

Shares of Check Point Software Technologies stock opened at $194.19 on Wednesday. The stock’s fifty day moving average is $194.30 and its two-hundred day moving average is $203.18. 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 market capitalization of $21.36 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 3.04 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, topping 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 business had revenue of $677.50 million for the quarter, compared to the consensus estimate of $673.60 million. During the same period in the prior year, the firm earned $2.25 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS and its Q4 2025 guidance at 2.700-2.800 EPS. As a group, research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

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.