Clal Insurance Enterprises Holdings Ltd Boosts Stock Holdings in Check Point Software Technologies Ltd. $CHKP

Clal Insurance Enterprises Holdings Ltd lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 192.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,411 shares of the technology company’s stock after buying an additional 20,000 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in Check Point Software Technologies were worth $6,728,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Legacy Investment Solutions LLC purchased a new position in Check Point Software Technologies in the 2nd quarter worth approximately $25,000. Horizon Investments LLC boosted its stake 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 purchasing an additional 85 shares during the period. Summit Securities Group LLC bought a new position in shares of Check Point Software Technologies in the first quarter worth approximately $49,000. Larson Financial Group LLC increased its stake in shares of Check Point Software Technologies by 23.2% in the first 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 period. Finally, IMA Advisory Services Inc. bought a new stake in Check Point Software Technologies during the 1st quarter valued at $62,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. cut their target price on Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 24th. Stephens lowered their price target on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating for the company in a research report on Thursday, July 31st. Wells Fargo & Company dropped their price objective 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. Finally, Barclays boosted their target price on Check Point Software Technologies from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $230.48.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $190.70 on Wednesday. Check Point Software Technologies Ltd. has a fifty-two week low of $170.99 and a fifty-two week high of $234.35. The stock’s 50 day simple moving average is $197.79 and its two-hundred day simple moving average is $206.51. The stock has a market cap of $20.97 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 2.97 and a beta of 0.58.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $1.49. The company had revenue of $677.50 million during the quarter, compared to analysts’ expectations of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the business 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. On average, analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current 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.