MQS Management LLC Makes New $296,000 Investment in Check Point Software Technologies Ltd. $CHKP

MQS Management LLC bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,340 shares of the technology company’s stock, valued at approximately $296,000.

Several other large investors also recently made changes to their positions in the company. Ninety One UK Ltd grew its stake 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. grew its stake 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Check Point Software Technologies by 43.5% in 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 valued at $338,168,000 after buying an additional 450,099 shares during the period. Victory Capital Management Inc. grew its stake in shares of Check Point Software Technologies by 2,704.5% in the 1st quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock valued at $297,333,000 after buying an additional 1,258,034 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Check Point Software Technologies by 737.5% in the 1st quarter. Invesco Ltd. now owns 982,986 shares of the technology company’s stock valued at $224,042,000 after buying an additional 865,608 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 0.1%

Check Point Software Technologies stock opened at $191.72 on Tuesday. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The company’s 50 day moving average price is $195.71 and its two-hundred day moving average price is $208.40. The stock has a market cap of $21.09 billion, a P/E ratio of 24.96, a P/E/G ratio of 2.89 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last posted 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 firm had revenue of $665.20 million for the quarter, compared to analysts’ expectations of $663.10 million. During the same quarter last year, the firm earned $2.17 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. 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, equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analysts Set New Price Targets

CHKP has been the subject of several research reports. Citigroup reduced their target price on Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating for the company in a research note on Monday, August 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 8th. Royal Bank Of Canada dropped their price target on shares of Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 31st. UBS Group dropped their price target on shares of Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Finally, Stephens dropped 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 research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $227.00.

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.