Arrowstreet Capital Limited Partnership Makes New $7.50 Million Investment in Check Point Software Technologies Ltd. $CHKP

Arrowstreet Capital Limited Partnership acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,881 shares of the technology company’s stock, valued at approximately $7,496,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CHKP. Legacy Investment Solutions LLC bought a new position in Check Point Software Technologies in the 2nd quarter worth $25,000. Horizon Investments LLC lifted its position in shares of Check Point Software Technologies by 116.4% in the first quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after acquiring an additional 85 shares in the last quarter. AlphaCore Capital LLC bought a new position in shares of Check Point Software Technologies in the second quarter worth about $43,000. Summit Securities Group LLC purchased a new stake in shares of Check Point Software Technologies during the first quarter worth about $49,000. Finally, SVB Wealth LLC bought a new stake in Check Point Software Technologies during the 1st quarter valued at approximately $74,000. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $197.50 on Thursday. The company has a market cap of $21.72 billion, a P/E ratio of 21.63, a P/E/G ratio of 3.10 and a beta of 0.61. The business’s 50 day moving average price is $194.17 and its 200-day moving average price is $203.14. Check Point Software Technologies Ltd. has a fifty-two week low of $178.64 and a fifty-two week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. The company had revenue of $677.50 million during the quarter, compared to the consensus estimate of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.Check Point Software Technologies’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the company earned $2.25 earnings per share. 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, equities analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on CHKP. Morgan Stanley set a $212.00 price target on Check Point Software Technologies in a research note on Wednesday, October 29th. Citigroup restated a “sector perform” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Roth Capital reiterated a “neutral” rating on shares of Check Point Software Technologies in a research report on Monday, October 27th. Stifel Nicolaus set a $211.00 price target on Check Point Software Technologies in a report on Tuesday, October 28th. Finally, Mizuho set a $225.00 price objective on Check Point Software Technologies in a report on Wednesday, October 29th. One investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.