WINTON GROUP Ltd Grows Stock Holdings in Check Point Software Technologies Ltd. $CHKP

WINTON GROUP Ltd lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 151.4% during the second quarter, HoldingsChannel.com reports. The firm owned 4,566 shares of the technology company’s stock after purchasing an additional 2,750 shares during the quarter. WINTON GROUP Ltd’s holdings in Check Point Software Technologies were worth $1,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Check Point Software Technologies by 0.7% during the first quarter. Vanguard Group Inc. now owns 307,391 shares of the technology company’s stock valued at $70,061,000 after buying an additional 2,281 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Check Point Software Technologies by 5.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 107,197 shares of the technology company’s stock valued at $24,432,000 after acquiring an additional 5,266 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Check Point Software Technologies in the 1st quarter worth about $4,532,000. Invesco Ltd. boosted its stake 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 purchasing an additional 865,608 shares in the last quarter. Finally, Independent Advisor Alliance grew its position in Check Point Software Technologies by 4.3% during the 1st quarter. Independent Advisor Alliance now owns 1,491 shares of the technology company’s stock valued at $340,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on CHKP shares. Barclays lifted their target price on shares of Check Point Software Technologies from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Weiss Ratings raised shares of Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, October 30th. Scotiabank upped their price objective on Check Point Software Technologies from $205.00 to $210.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 29th. BMO Capital Markets increased their target price on Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, Stifel Nicolaus set a $211.00 price target on Check Point Software Technologies in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $230.91.

Check Point Software Technologies Trading Up 0.5%

NASDAQ:CHKP opened at $198.48 on Friday. The company has a market cap of $21.83 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 3.15 and a beta of 0.61. The company has a 50 day simple moving average of $194.04 and a two-hundred day simple moving average of $203.11. Check Point Software Technologies Ltd. has a 12 month low of $178.64 and a 12 month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $673.60 million. During the same period in the prior year, the firm earned $2.25 EPS. The company’s revenue was up 6.7% compared to the same quarter last year. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS and its Q4 2025 guidance at 2.700-2.800 EPS. Research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

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.