Lafayette Investments Inc. Sells 1,240 Shares of Check Point Software Technologies Ltd. $CHKP

Lafayette Investments Inc. lessened its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,536 shares of the technology company’s stock after selling 1,240 shares during the quarter. Check Point Software Technologies accounts for about 1.0% of Lafayette Investments Inc.’s investment portfolio, making the stock its 27th largest position. Lafayette Investments Inc.’s holdings in Check Point Software Technologies were worth $4,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Victory Capital Management Inc. grew its holdings in shares of Check Point Software Technologies by 2,704.5% during the first quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock worth $297,333,000 after purchasing an additional 1,258,034 shares during the last quarter. Invesco Ltd. lifted its position in Check Point Software Technologies by 737.5% in the 1st quarter. Invesco Ltd. now owns 982,986 shares of the technology company’s stock valued at $224,042,000 after acquiring an additional 865,608 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Check Point Software Technologies by 5,396.1% in the first quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company’s stock valued at $150,081,000 after acquiring an additional 646,504 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Check Point Software Technologies by 214.6% in the 1st quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company’s stock valued at $197,086,000 after buying an additional 589,816 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Check Point Software Technologies by 43.5% during the 1st 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 worth $338,168,000 after buying an additional 450,099 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Up 1.3%

NASDAQ CHKP opened at $193.15 on Tuesday. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 25.15, a price-to-earnings-growth ratio of 2.87 and a beta of 0.60. Check Point Software Technologies Ltd. has a twelve month low of $169.01 and a twelve month high of $234.35. The business has a 50-day moving average price of $194.97 and a 200-day moving average price of $209.10.

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 for the quarter, topping the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The company had revenue of $665.20 million for the quarter, compared to analysts’ expectations of $663.10 million. During the same quarter in the previous year, the business posted $2.17 earnings per share. Check Point Software Technologies’s quarterly revenue was up 6.0% on a year-over-year basis. 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. Research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CHKP shares. Weiss Ratings restated a “hold (c+)” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 8th. Wells Fargo & Company cut 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 research report on Thursday, July 31st. Barclays upped their target price on shares of Check Point Software Technologies from $215.00 to $220.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 14th. Royal Bank Of Canada cut their price target on shares of Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating on the stock in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. decreased their price objective on Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating for the company in a report on Wednesday, September 24th. One 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 stock. Based on data from MarketBeat, Check Point Software Technologies has a consensus 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.