Teacher Retirement System of Texas Acquires 15,461 Shares of Check Point Software Technologies Ltd. $CHKP

Teacher Retirement System of Texas boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 26.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,022 shares of the technology company’s stock after acquiring an additional 15,461 shares during the period. Teacher Retirement System of Texas owned approximately 0.07% of Check Point Software Technologies worth $16,156,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new stake in Check Point Software Technologies during the second quarter valued at approximately $4,757,000. Nisa Investment Advisors LLC lifted its stake in shares of Check Point Software Technologies by 39.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,531 shares of the technology company’s stock valued at $339,000 after purchasing an additional 434 shares during the period. MQS Management LLC acquired a new position in shares of Check Point Software Technologies in the 2nd quarter valued at $296,000. City State Bank lifted its stake in shares of Check Point Software Technologies by 260.8% in the 2nd quarter. City State Bank now owns 3,085 shares of the technology company’s stock valued at $683,000 after purchasing an additional 2,230 shares during the period. Finally, CNB Bank lifted its stake in shares of Check Point Software Technologies by 69.7% in the 2nd quarter. CNB Bank now owns 392 shares of the technology company’s stock valued at $87,000 after purchasing an additional 161 shares during the period. 98.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays increased their price target on 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. Morgan Stanley lowered their target price on Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating for the company in a report on Tuesday, September 2nd. Citigroup decreased their price objective on Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating for the company in a report on Monday, August 18th. Wells Fargo & Company cut their target price on shares of Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a research note on Thursday, July 31st. Finally, Jefferies Financial Group cut their target price on shares of Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $227.46.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $203.56 on Wednesday. The firm’s fifty day moving average price is $196.02 and its two-hundred day moving average price is $208.33. The stock has a market cap of $22.39 billion, a PE ratio of 26.51, a PEG ratio of 2.88 and a beta of 0.60. Check Point Software Technologies Ltd. has a fifty-two week low of $169.01 and a fifty-two week 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 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. The company had revenue of $677.50 million for 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%. Check Point Software Technologies’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business 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, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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.