MGO One Seven LLC Cuts Stake in Check Point Software Technologies Ltd. $CHKP

MGO One Seven LLC reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 26.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,630 shares of the technology company’s stock after selling 594 shares during the quarter. MGO One Seven LLC’s holdings in Check Point Software Technologies were worth $361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Horizon Investments LLC lifted its holdings in 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 last quarter. Cromwell Holdings LLC purchased a new stake in Check Point Software Technologies during the first quarter valued at about $37,000. Abound Financial LLC purchased a new stake in Check Point Software Technologies during the first quarter valued at about $40,000. TruNorth Capital Management LLC purchased a new stake in Check Point Software Technologies during the first quarter valued at about $45,000. Finally, Summit Securities Group LLC purchased a new stake in Check Point Software Technologies during the first quarter valued at about $49,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Up 1.2%

Shares of Check Point Software Technologies stock opened at $190.65 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35. The company has a market cap of $20.97 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 2.87 and a beta of 0.60. The company’s 50-day moving average price is $194.73 and its 200-day moving average price is $209.36.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.01. The company had revenue of $665.20 million for the quarter, compared to analysts’ expectations of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. Check Point Software Technologies’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business 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, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on CHKP. Wells Fargo & Company dropped their price objective 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. Stifel Nicolaus set a $200.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, July 30th. JPMorgan Chase & Co. dropped their price objective on shares of Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating on the stock in a report on Wednesday, September 24th. UBS Group dropped their price objective on shares of Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Finally, Morgan Stanley lowered their price target on shares of Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have given a Hold rating to the company. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and a consensus target price of $227.00.

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.