Davis Capital Management Makes New Investment in Check Point Software Technologies Ltd. $CHKP

Davis Capital Management bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,169 shares of the technology company’s stock, valued at approximately $1,276,000.

Several other large investors also recently modified their holdings of CHKP. Norges Bank purchased a new position in Check Point Software Technologies in the second quarter valued at approximately $714,801,000. Schroder Investment Management Group raised its stake in shares of Check Point Software Technologies by 2,413.2% in the second quarter. Schroder Investment Management Group now owns 628,858 shares of the technology company’s stock valued at $139,135,000 after buying an additional 603,836 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 valued at $338,168,000 after buying an additional 450,099 shares during the last quarter. Axiom Investors LLC DE bought a new position in shares of Check Point Software Technologies during the 1st quarter worth $68,010,000. Finally, Qube Research & Technologies Ltd increased its holdings in Check Point Software Technologies by 1,886.1% in the 2nd quarter. Qube Research & Technologies Ltd now owns 253,003 shares of the technology company’s stock worth $55,977,000 after acquiring an additional 240,264 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CHKP shares. Scotiabank increased their target price on shares of 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. Morgan Stanley set a $212.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, October 29th. Mizuho set a $225.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 29th. BMO Capital Markets increased their target price on Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Finally, Citigroup lifted their price target on Check Point Software Technologies from $200.00 to $210.00 and gave the company a “neutral” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, Check Point Software Technologies has an average rating of “Moderate Buy” and an average target price of $232.00.

Check Point Software Technologies Price Performance

CHKP opened at $181.03 on Friday. The firm has a market capitalization of $19.91 billion, a P/E ratio of 19.83, a price-to-earnings-growth ratio of 3.18 and a beta of 0.59. Check Point Software Technologies Ltd. has a one year low of $178.64 and a one year high of $234.35. The company has a fifty day moving average price of $191.59 and a 200-day moving average price of $198.61.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, beating 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 company had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. During the same quarter last year, the company earned $2.25 earnings per share. The firm’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 and its Q4 2025 guidance at 2.700-2.800 EPS. On average, analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. is an Israeli-founded cybersecurity company that develops, markets and supports a broad portfolio of network, cloud and endpoint security products. Founded in 1993, the company was an early pioneer of stateful inspection firewall technology and later developed a modular “software blade” approach that allowed customers to combine protection capabilities. Check Point’s product set spans physical and virtual security appliances, software and cloud-native services designed to prevent cyberattacks, protect data and simplify security management for enterprises and service providers.

Key product families include Quantum Security Gateways (on-premises and hybrid appliances), CloudGuard (cloud security posture and workload protection), Harmony (endpoint, remote access and unified endpoint security), and SandBlast (advanced threat prevention and sandboxing).