IQ EQ FUND MANAGEMENT IRELAND Ltd Sells 8,605 Shares of Check Point Software Technologies Ltd. $CHKP

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 32.0% in the 2nd quarter, Holdings Channel reports. The fund owned 18,293 shares of the technology company’s stock after selling 8,605 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Check Point Software Technologies were worth $4,047,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ninety One UK Ltd lifted its holdings in Check Point Software Technologies by 2.6% during 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 purchasing an additional 64,745 shares during the last quarter. Ameriprise Financial Inc. raised its position 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 purchasing an additional 401,150 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position 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 purchasing an additional 450,099 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Check Point Software Technologies by 2,704.5% during the 1st 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 in the last quarter. Finally, Invesco Ltd. boosted its holdings 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 worth $224,042,000 after buying an additional 865,608 shares during the period. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Down 0.1%

Shares of CHKP opened at $191.72 on Tuesday. The company has a market cap of $21.09 billion, a PE ratio of 24.96, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60. The stock has a 50-day moving average price of $195.71 and a 200-day moving average price of $208.40. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35.

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. As a group, analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CHKP. Royal Bank Of Canada lowered their target price 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. Citigroup dropped their price objective on Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating on the stock in a report on Monday, August 18th. JPMorgan Chase & Co. cut 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. Stephens decreased their price target on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 31st. Finally, Barclays increased their price target on shares of Check Point Software Technologies from $215.00 to $220.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price of $227.00.

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.