Aviva PLC Boosts Stake in Check Point Software Technologies Ltd. $CHKP

Aviva PLC raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 70.1% during the 2nd quarter, Holdings Channel reports. The fund owned 5,602 shares of the technology company’s stock after purchasing an additional 2,309 shares during the period. Aviva PLC’s holdings in Check Point Software Technologies were worth $1,239,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CHKP. Legacy Investment Solutions LLC bought a new stake in Check Point Software Technologies during the second quarter valued at about $25,000. Horizon Investments LLC lifted its position in shares of Check Point Software Technologies by 116.4% during the first quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after buying an additional 85 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at about $49,000. LRI Investments LLC purchased a new position in shares of Check Point Software Technologies in the 1st quarter worth approximately $50,000. Finally, Larson Financial Group LLC grew its position in shares of Check Point Software Technologies by 23.2% in the 1st quarter. Larson Financial Group LLC now owns 260 shares of the technology company’s stock worth $59,000 after buying an additional 49 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CHKP shares. Stifel Nicolaus set a $211.00 target price on shares of Check Point Software Technologies in a research note on Tuesday, October 28th. Cantor Fitzgerald reissued a “neutral” rating and issued a $220.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 22nd. Stephens reduced 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 research report on Thursday, July 31st. JPMorgan Chase & Co. decreased their price target on Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating for the company in a research note on Wednesday, September 24th. Finally, Wells Fargo & Company lowered their price target on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $230.48.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $202.31 on Thursday. The firm’s fifty day moving average is $197.75 and its two-hundred day moving average is $207.16. The firm has a market cap of $22.25 billion, a price-to-earnings ratio of 22.16, a PEG ratio of 2.97 and a beta of 0.58. Check Point Software Technologies Ltd. has a one year low of $170.99 and a one year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $1.49. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The business had revenue of $677.50 million during the quarter, compared to analysts’ expectations of $673.60 million. During the same quarter in the previous year, the firm posted $2.25 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. 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 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.