CWA Asset Management Group LLC Has $1.30 Million Position in Check Point Software Technologies Ltd. $CHKP

CWA Asset Management Group LLC decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 75.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,298 shares of the technology company’s stock after selling 19,803 shares during the period. CWA Asset Management Group LLC’s holdings in Check Point Software Technologies were worth $1,303,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Legacy Investment Solutions LLC bought a new stake in shares of Check Point Software Technologies during the second quarter worth about $25,000. Louisbourg Investments Inc. acquired a new position in Check Point Software Technologies during the 3rd quarter valued at about $29,000. Heartwood Wealth Advisors LLC bought a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $42,000. AlphaCore Capital LLC purchased a new stake in shares of Check Point Software Technologies in the second quarter worth approximately $43,000. Finally, CENTRAL TRUST Co raised its stake in shares of Check Point Software Technologies by 126.7% in the second quarter. CENTRAL TRUST Co now owns 340 shares of the technology company’s stock worth $75,000 after purchasing an additional 190 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $186.01 on Wednesday. The company has a market capitalization of $20.46 billion, a PE ratio of 20.37, a price-to-earnings-growth ratio of 3.25 and a beta of 0.59. 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 $191.10 and a 200 day simple moving average of $198.01.

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 during 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 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, analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analysts Set New Price Targets

CHKP has been the topic of several analyst reports. Scotiabank lifted their target price on Check Point Software Technologies from $205.00 to $210.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 29th. Weiss Ratings raised shares of Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, October 30th. Stifel Nicolaus set a $211.00 target price on shares of Check Point Software Technologies in a research note on Tuesday, October 28th. Morgan Stanley set a $212.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Finally, Mizuho set a $225.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $229.50.

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).