Bessemer Group Inc. Cuts Holdings in Check Point Software Technologies Ltd. $CHKP

Bessemer Group Inc. trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 95.1% during the second quarter, HoldingsChannel.com reports. The firm owned 32,523 shares of the technology company’s stock after selling 625,962 shares during the quarter. Bessemer Group Inc.’s holdings in Check Point Software Technologies were worth $7,196,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CHKP. Mirae Asset Global Investments Co. Ltd. raised its holdings in Check Point Software Technologies by 15.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,937 shares of the technology company’s stock valued at $899,000 after buying an additional 541 shares during the period. Koshinski Asset Management Inc. raised its holdings in Check Point Software Technologies by 9.8% in the first quarter. Koshinski Asset Management Inc. now owns 3,488 shares of the technology company’s stock valued at $795,000 after buying an additional 312 shares during the period. Mather Group LLC. raised its stake in shares of Check Point Software Technologies by 2.2% in the 1st quarter. Mather Group LLC. now owns 2,909 shares of the technology company’s stock valued at $663,000 after acquiring an additional 62 shares during the period. Rossby Financial LCC purchased a new position in shares of Check Point Software Technologies in the 1st quarter valued at $354,000. Finally, Checchi Capital Advisers LLC purchased a new position in shares of Check Point Software Technologies in the 1st quarter valued at $240,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Up 6.2%

Shares of NASDAQ:CHKP opened at $203.56 on Wednesday. The company has a fifty day simple moving average of $196.02 and a 200 day simple moving average of $208.33. The firm has a market cap of $22.39 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 2.88 and a beta of 0.60. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. The business had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 earnings per share. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS. Q4 2025 guidance at 2.700-2.800 EPS. As a group, equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CHKP shares. Barclays raised their target price on shares of Check Point Software Technologies from $215.00 to $220.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 14th. Citigroup cut their price objective on Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. Jefferies Financial Group dropped their target price 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. Stephens dropped their target price on 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. Finally, Scotiabank set a $205.00 price objective on shares of Check Point Software Technologies and gave the company a “sector perform” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $227.46.

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.