Chevy Chase Trust Holdings LLC Boosts Stock Position in Check Point Software Technologies Ltd. $CHKP

Chevy Chase Trust Holdings LLC lifted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 23,280 shares of the technology company’s stock after buying an additional 334 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Check Point Software Technologies were worth $5,151,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Ninety One UK Ltd raised its holdings in shares of Check Point Software Technologies by 2.6% in the 2nd quarter. Ninety One UK Ltd now owns 2,592,778 shares of the technology company’s stock valued at $573,652,000 after buying an additional 64,745 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Check Point Software Technologies by 28.1% in the 1st quarter. Ameriprise Financial Inc. now owns 1,830,874 shares of the technology company’s stock valued at $417,280,000 after buying an additional 401,150 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Check Point Software Technologies by 2.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company’s stock valued at $384,591,000 after buying an additional 46,713 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in 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 worth $338,168,000 after purchasing an additional 450,099 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in Check Point Software Technologies by 2,704.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock worth $297,333,000 after purchasing an additional 1,258,034 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CHKP shares. Stifel Nicolaus set a $200.00 price target on Check Point Software Technologies in a report on Wednesday, July 30th. UBS Group cut their price target on Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Wells Fargo & Company cut their price target on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating on the stock in a report on Thursday, July 31st. Jefferies Financial Group cut their price target on 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. Finally, Morgan Stanley cut their price target on Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $227.00.

Check Point Software Technologies Stock Performance

CHKP opened at $193.15 on Tuesday. Check Point Software Technologies Ltd. has a one year low of $169.01 and a one year high of $234.35. The company has a market cap of $21.24 billion, a P/E ratio of 25.15, a PEG ratio of 2.87 and a beta of 0.60. The business’s 50-day simple moving average is $194.97 and its 200-day simple moving average is $209.10.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The business had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. During the same quarter in the prior year, the business posted $2.17 EPS. 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. As a group, analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Check Point Software Technologies 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.