Check Point Software Technologies Ltd. $CHKP Shares Purchased by Bank Hapoalim BM

Bank Hapoalim BM boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,397 shares of the technology company’s stock after acquiring an additional 275 shares during the quarter. Bank Hapoalim BM’s holdings in Check Point Software Technologies were worth $7,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Fulton Bank N.A. increased its position in shares of Check Point Software Technologies by 3.2% during the second quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company’s stock worth $330,000 after acquiring an additional 46 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Check Point Software Technologies by 23.2% during the first quarter. Larson Financial Group LLC now owns 260 shares of the technology company’s stock worth $59,000 after acquiring an additional 49 shares during the last quarter. Sterling Investment Advisors Ltd. increased its position in shares of Check Point Software Technologies by 2.6% during the second quarter. Sterling Investment Advisors Ltd. now owns 1,970 shares of the technology company’s stock worth $436,000 after acquiring an additional 50 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in Check Point Software Technologies by 5.2% in the second quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company’s stock valued at $244,000 after buying an additional 55 shares during the last quarter. Finally, Contravisory Investment Management Inc. increased its holdings in Check Point Software Technologies by 1.2% in the second quarter. Contravisory Investment Management Inc. now owns 4,693 shares of the technology company’s stock valued at $1,038,000 after buying an additional 55 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 1.7%

Shares of CHKP stock opened at $201.57 on Friday. The business has a 50 day moving average of $194.37 and a two-hundred day moving average of $211.82. Check Point Software Technologies Ltd. has a 52 week low of $169.01 and a 52 week high of $234.35. The company has a market cap of $22.17 billion, a P/E ratio of 26.25, a PEG ratio of 3.08 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.01. The company had revenue of $665.20 million during the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.Check Point Software Technologies’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.17 earnings per share. Check Point Software Technologies has set its FY 2025 guidance at 9.600-10.200 EPS. Q3 2025 guidance at 2.400-2.500 EPS. Analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CHKP. Royal Bank Of Canada lowered their price objective on Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating for the company in a report on Thursday, July 31st. Barclays set a $215.00 price objective on Check Point Software Technologies and gave the company an “equal weight” rating in a report on Thursday, July 31st. Stifel Nicolaus set a $200.00 price objective on Check Point Software Technologies in a report on Wednesday, July 30th. Scotiabank lowered their price objective on Check Point Software Technologies from $240.00 to $220.00 and set a “sector outperform” rating for the company in a report on Thursday, July 31st. Finally, UBS Group lowered their price objective on Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $227.42.

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.