Argonautica Private Wealth Management Inc. Trims Stock Holdings in Check Point Software Technologies Ltd. $CHKP

Argonautica Private Wealth Management Inc. lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,431 shares of the technology company’s stock after selling 418 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Check Point Software Technologies were worth $1,202,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CHKP. Wealth Enhancement Advisory Services LLC increased its stake in shares of Check Point Software Technologies by 149.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,827 shares of the technology company’s stock worth $2,924,000 after acquiring an additional 7,691 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Check Point Software Technologies by 5.8% in the first quarter. Asset Management One Co. Ltd. now owns 84,257 shares of the technology company’s stock worth $19,204,000 after purchasing an additional 4,614 shares during the period. Daymark Wealth Partners LLC purchased a new stake in Check Point Software Technologies in the first quarter worth about $452,000. Bessemer Group Inc. increased its stake in shares of Check Point Software Technologies by 5,396.1% during the first quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company’s stock valued at $150,081,000 after purchasing an additional 646,504 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Check Point Software Technologies by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 378 shares of the technology company’s stock valued at $86,000 after purchasing an additional 189 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $196.75 on Wednesday. Check Point Software Technologies Ltd. has a one year low of $169.01 and a one year high of $234.35. The stock has a 50-day moving average of $195.29 and a 200 day moving average of $209.01. The company has a market capitalization of $21.64 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 2.91 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.01. The business 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%. During the same quarter in the prior year, the business earned $2.17 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. 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 predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group cut their price target on Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Stifel Nicolaus set a $200.00 target price on Check Point Software Technologies in a research note on Wednesday, July 30th. Cantor Fitzgerald set a $220.00 price target on Check Point Software Technologies and gave the company a “neutral” rating in a report on Thursday, July 31st. Stephens dropped their price target on shares of Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 31st. Finally, Citigroup cut their price objective on shares of Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating on the stock in a research report on Monday, August 18th. One investment 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, the stock currently has an average rating of “Hold” and an average price target of $227.00.

Check Point Software Technologies 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.