Y Intercept Hong Kong Ltd Buys Shares of 21,502 Check Point Software Technologies Ltd. $CHKP

Y Intercept Hong Kong Ltd bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 21,502 shares of the technology company’s stock, valued at approximately $4,757,000.

A number of other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its holdings in shares of Check Point Software Technologies by 39.6% during the second quarter. Nisa Investment Advisors LLC now owns 1,531 shares of the technology company’s stock valued at $339,000 after buying an additional 434 shares during the last quarter. MQS Management LLC purchased a new stake in shares of Check Point Software Technologies during the second quarter valued at approximately $296,000. City State Bank grew its holdings in shares of Check Point Software Technologies by 260.8% during the second quarter. City State Bank now owns 3,085 shares of the technology company’s stock valued at $683,000 after buying an additional 2,230 shares during the last quarter. CNB Bank grew its holdings in shares of Check Point Software Technologies by 69.7% during the second quarter. CNB Bank now owns 392 shares of the technology company’s stock valued at $87,000 after buying an additional 161 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Check Point Software Technologies by 1.8% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 183,755 shares of the technology company’s stock valued at $40,656,000 after buying an additional 3,296 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $203.56 on Wednesday. The company’s fifty day simple moving average is $196.02 and its 200-day simple moving average is $208.33. The stock has a market capitalization of $22.39 billion, a PE ratio of 26.51, a P/E/G ratio of 2.88 and a beta of 0.60. Check Point Software Technologies Ltd. has a 1-year low of $169.01 and a 1-year 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 for the quarter, topping the consensus estimate of $2.45 by $1.49. The business had revenue of $677.50 million for the quarter, compared to analysts’ expectations of $673.60 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.25 EPS. 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, research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Upgrades and Downgrades

CHKP has been the topic of several research reports. Wells Fargo & Company dropped their target price on shares of 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. Stifel Nicolaus set a $211.00 target price on shares of Check Point Software Technologies in a report on Tuesday. Roth Capital restated a “neutral” rating on shares of Check Point Software Technologies in a report on Monday. UBS Group dropped their target price on shares of 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. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $220.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 22nd. 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 stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $227.46.

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.