PFG Advisors Acquires Shares of 1,259 Check Point Software Technologies Ltd. $CHKP

PFG Advisors bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,259 shares of the technology company’s stock, valued at approximately $279,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in shares of Check Point Software Technologies in the second quarter valued at approximately $25,000. Horizon Investments LLC raised its position in Check Point Software Technologies by 116.4% during the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after purchasing an additional 85 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Check Point Software Technologies in the 1st quarter worth $49,000. LRI Investments LLC purchased a new stake in shares of Check Point Software Technologies in the 1st quarter worth $50,000. Finally, Larson Financial Group LLC grew its position in shares of Check Point Software Technologies by 23.2% during 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 in the last quarter. Institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

CHKP has been the subject of several recent research reports. BMO Capital Markets lifted their price objective on Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. 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. Stephens reduced their price target on shares of Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating for the company in a report on Thursday, July 31st. Mizuho set a $225.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Finally, Morgan Stanley set a $212.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $230.48.

Check Point Software Technologies Stock Performance

CHKP stock opened at $202.31 on Thursday. Check Point Software Technologies Ltd. has a one year low of $170.99 and a one year high of $234.35. 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. The firm has a 50-day simple moving average of $197.75 and a two-hundred day simple moving average of $207.16.

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, topping analysts’ consensus estimates of $2.45 by $1.49. The firm had revenue of $677.50 million for the quarter, compared to the consensus estimate of $673.60 million. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The company’s quarterly 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 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, equities 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.