Gateway Investment Advisers LLC Increases Stock Holdings in Check Point Software Technologies Ltd. $CHKP

Gateway Investment Advisers LLC lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 42.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,860 shares of the technology company’s stock after purchasing an additional 4,744 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Check Point Software Technologies were worth $3,282,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Davis Capital Management acquired a new position in Check Point Software Technologies in the 3rd quarter valued at $1,276,000. Physicians Financial Services Inc. lifted its stake in shares of Check Point Software Technologies by 7.5% in the 3rd quarter. Physicians Financial Services Inc. now owns 1,290 shares of the technology company’s stock worth $267,000 after acquiring an additional 90 shares during the period. Suncoast Equity Management boosted its holdings in shares of Check Point Software Technologies by 1.8% in the third quarter. Suncoast Equity Management now owns 6,645 shares of the technology company’s stock valued at $1,375,000 after acquiring an additional 120 shares in the last quarter. Ninety One UK Ltd increased its stake in shares of Check Point Software Technologies by 0.3% during the third quarter. Ninety One UK Ltd now owns 2,601,592 shares of the technology company’s stock worth $538,295,000 after acquiring an additional 8,814 shares during the period. Finally, Romano Brothers AND Company increased its stake in shares of Check Point Software Technologies by 3.0% during the third quarter. Romano Brothers AND Company now owns 40,392 shares of the technology company’s stock worth $8,351,000 after acquiring an additional 1,175 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on CHKP. JPMorgan Chase & Co. lowered their price objective on Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating on the stock in a report on Wednesday, September 24th. Royal Bank Of Canada raised their price target on Check Point Software Technologies from $207.00 to $215.00 and gave the company a “sector perform” rating in a report on Wednesday, October 29th. Mizuho set a $225.00 price target on Check Point Software Technologies in a research note on Wednesday, October 29th. Citigroup upped their price objective on Check Point Software Technologies from $200.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. Finally, Scotiabank increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $232.00.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $181.03 on Monday. The stock has a market cap of $19.91 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 3.18 and a beta of 0.59. The business’s fifty day moving average price is $191.59 and its two-hundred day moving average price is $198.47. Check Point Software Technologies Ltd. has a one year low of $178.64 and a one year high of $234.35.

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

About Check Point Software Technologies

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).