Ninety One North America Inc. Purchases 62,894 Shares of Check Point Software Technologies Ltd. $CHKP

Ninety One North America Inc. raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 45.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 200,041 shares of the technology company’s stock after buying an additional 62,894 shares during the quarter. Check Point Software Technologies comprises about 2.2% of Ninety One North America Inc.’s portfolio, making the stock its 17th largest holding. Ninety One North America Inc.’s holdings in Check Point Software Technologies were worth $44,259,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CHKP. Fulton Bank N.A. boosted its position in Check Point Software Technologies by 3.2% during the 2nd quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company’s stock worth $330,000 after buying an additional 46 shares during the period. Larson Financial Group LLC boosted its position in Check Point Software Technologies by 23.2% during the 1st quarter. Larson Financial Group LLC now owns 260 shares of the technology company’s stock worth $59,000 after buying an additional 49 shares during the period. Sterling Investment Advisors Ltd. boosted its position in Check Point Software Technologies by 2.6% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 1,970 shares of the technology company’s stock worth $436,000 after buying an additional 50 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Check Point Software Technologies by 19.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company’s stock worth $77,000 after buying an additional 55 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its position in Check Point Software Technologies by 5.2% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company’s stock worth $244,000 after buying an additional 55 shares during the period. 98.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CHKP. JPMorgan Chase & Co. cut their target price on shares of Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 24th. Jefferies Financial Group dropped their price target on shares of Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, July 31st. Cantor Fitzgerald set a $220.00 price target on shares of Check Point Software Technologies and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Barclays set a $215.00 price target on shares of Check Point Software Technologies and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Finally, Scotiabank dropped their price target on shares of Check Point Software Technologies from $240.00 to $220.00 and set a “sector outperform” rating on the stock in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $227.42.

Check Point Software Technologies Stock Up 0.5%

NASDAQ:CHKP opened at $206.91 on Wednesday. The company has a fifty day moving average of $195.46 and a 200-day moving average of $212.24. The firm has a market capitalization of $22.76 billion, a P/E ratio of 26.94, a P/E/G ratio of 3.10 and a beta of 0.60. Check Point Software Technologies Ltd. has a twelve month low of $169.01 and a twelve month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.01. The company had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. Check Point Software Technologies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.17 EPS. Check Point Software Technologies has set its FY 2025 guidance at 9.600-10.200 EPS. Q3 2025 guidance at 2.400-2.500 EPS. On average, analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal 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.