Nordea Investment Management AB Has $264.22 Million Position in Check Point Software Technologies Ltd. $CHKP

Nordea Investment Management AB lessened its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,203,722 shares of the technology company’s stock after selling 18,577 shares during the period. Nordea Investment Management AB’s holdings in Check Point Software Technologies were worth $264,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Ninety One UK Ltd increased its stake in shares of Check Point Software Technologies by 2.6% in the second quarter. Ninety One UK Ltd now owns 2,592,778 shares of the technology company’s stock valued at $573,652,000 after buying an additional 64,745 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Check Point Software Technologies by 28.1% in the first quarter. Ameriprise Financial Inc. now owns 1,830,874 shares of the technology company’s stock valued at $417,280,000 after buying an additional 401,150 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Check Point Software Technologies by 2.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company’s stock valued at $384,591,000 after buying an additional 46,713 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Check Point Software Technologies by 43.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company’s stock valued at $338,168,000 after buying an additional 450,099 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Check Point Software Technologies by 2,704.5% in the first quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock valued at $297,333,000 after buying an additional 1,258,034 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CHKP shares. UBS Group decreased their price target on Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Citigroup decreased their price target on Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating for the company in a research note on Monday, August 18th. Barclays raised their target price on Check Point Software Technologies from $215.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price 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, Royal Bank Of Canada decreased their target price on Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating for the company in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seventeen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $227.00.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $188.36 on Friday. The business’s 50 day simple moving average is $194.58 and its two-hundred day simple moving average is $209.76. The firm has a market cap of $20.72 billion, a P/E ratio of 24.53, a PEG ratio of 2.86 and a beta of 0.60. Check Point Software Technologies Ltd. has a 52-week low of $169.01 and a 52-week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.01. The business had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

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.