Check Point Software Technologies Ltd. $CHKP Stake Lessened by KBC Group NV

KBC Group NV lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 24.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,552 shares of the technology company’s stock after selling 33,579 shares during the period. KBC Group NV owned about 0.10% of Check Point Software Technologies worth $23,132,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC purchased a new stake in Check Point Software Technologies in the 2nd quarter worth about $25,000. Horizon Investments LLC increased its holdings in shares of Check Point Software Technologies by 116.4% in the 1st 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 period. Summit Securities Group LLC purchased a new stake in shares of Check Point Software Technologies in the first quarter worth approximately $49,000. Larson Financial Group LLC lifted its position in shares of Check Point Software Technologies by 23.2% in the first quarter. Larson Financial Group LLC now owns 260 shares of the technology company’s stock worth $59,000 after purchasing an additional 49 shares in the last quarter. Finally, Costello Asset Management INC acquired a new stake in shares of Check Point Software Technologies during the first quarter worth approximately $62,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

CHKP opened at $198.81 on Friday. The company has a market cap of $21.87 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. The stock has a 50-day moving average of $197.91 and a 200-day moving average of $207.10. Check Point Software Technologies Ltd. has a 52-week low of $170.99 and a 52-week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $2.45 by $1.49. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The firm had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. During the same period in the previous year, the company earned $2.25 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS. Q4 2025 guidance at 2.700-2.800 EPS. On average, research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CHKP shares. Jefferies Financial Group dropped their price objective on shares of Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating on the stock in a research note on Thursday, July 31st. Morgan Stanley set a $212.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 29th. Citigroup reiterated a “sector perform” rating on shares of Check Point Software Technologies in a report on Wednesday, October 29th. Cantor Fitzgerald reissued a “neutral” rating and set a $220.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 22nd. Finally, BMO Capital Markets upped their target price on Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $230.48.

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.