Legal Advantage Investments Inc. Takes Position in Check Point Software Technologies Ltd. $CHKP

Legal Advantage Investments Inc. bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, HoldingsChannel.com reports. The fund bought 1,000 shares of the technology company’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Franklin Parlapiano Turner & Welch LLC raised its holdings in shares of Check Point Software Technologies by 2.8% in the 2nd quarter. Franklin Parlapiano Turner & Welch LLC now owns 34,567 shares of the technology company’s stock valued at $7,648,000 after purchasing an additional 934 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Check Point Software Technologies by 12.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,106 shares of the technology company’s stock valued at $1,793,000 after purchasing an additional 908 shares during the period. Concurrent Investment Advisors LLC bought a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at about $205,000. Apollon Wealth Management LLC raised its holdings in shares of Check Point Software Technologies by 72.1% in the 2nd quarter. Apollon Wealth Management LLC now owns 1,592 shares of the technology company’s stock valued at $352,000 after purchasing an additional 667 shares during the period. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of Check Point Software Technologies by 11.6% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 1,206 shares of the technology company’s stock valued at $267,000 after purchasing an additional 125 shares during the period. 98.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CHKP. Stephens lowered their price target on shares of Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a report on Thursday, July 31st. Jefferies Financial Group lowered 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 report on Thursday, July 31st. Scotiabank set a $205.00 price target on shares of Check Point Software Technologies and gave the company a “sector perform” rating in a report on Monday, October 6th. Stifel Nicolaus set a $200.00 price target on shares of Check Point Software Technologies in a report on Wednesday, July 30th. Finally, Citigroup lowered their price target on shares of Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $226.79.

Check Point Software Technologies Trading Down 1.3%

Shares of CHKP opened at $195.56 on Friday. Check Point Software Technologies Ltd. has a 12 month low of $169.01 and a 12 month high of $234.35. The firm’s 50 day moving average is $194.33 and its 200-day moving average is $210.66. The stock has a market capitalization of $21.51 billion, a PE ratio of 25.46, a P/E/G ratio of 2.94 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The company had revenue of $665.20 million for the quarter, compared to analysts’ expectations of $663.10 million. During the same period last year, the firm earned $2.17 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. 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. 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. 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.