Korea Investment CORP Has $12.08 Million Holdings in Check Point Software Technologies Ltd. $CHKP

Korea Investment CORP boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 57.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,611 shares of the technology company’s stock after purchasing an additional 19,845 shares during the period. Korea Investment CORP’s holdings in Check Point Software Technologies were worth $12,083,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in shares of Check Point Software Technologies during the second quarter worth $25,000. Horizon Investments LLC grew its holdings in Check Point Software Technologies by 116.4% during the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock worth $36,000 after acquiring an additional 85 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in Check Point Software Technologies in the 2nd quarter valued at about $43,000. Summit Securities Group LLC bought a new position in shares of Check Point Software Technologies in the first quarter worth about $49,000. Finally, Costello Asset Management INC acquired a new position in shares of Check Point Software Technologies during the first quarter worth approximately $62,000. Institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stifel Nicolaus set a $211.00 price target on shares of Check Point Software Technologies in a report on Tuesday, October 28th. Weiss Ratings upgraded shares of Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, October 30th. BMO Capital Markets lifted their price target on shares of 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. UBS Group increased their price objective on shares of Check Point Software Technologies from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, Roth Capital reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $230.48.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $191.50 on Monday. The stock has a 50 day simple moving average of $196.04 and a 200 day simple moving average of $204.65. Check Point Software Technologies Ltd. has a 52-week low of $178.64 and a 52-week high of $234.35. The firm has a market capitalization of $21.06 billion, a PE ratio of 20.97, a P/E/G ratio of 2.97 and a beta of 0.58.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $1.49. The firm had revenue of $677.50 million for the quarter, compared to analyst estimates of $673.60 million. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 earnings per share. 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. Equities research analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

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.