Lazard Asset Management LLC Acquires 62,407 Shares of Check Point Software Technologies Ltd. $CHKP

Lazard Asset Management LLC lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 12.8% during the second quarter, HoldingsChannel reports. The firm owned 548,705 shares of the technology company’s stock after purchasing an additional 62,407 shares during the period. Lazard Asset Management LLC’s holdings in Check Point Software Technologies were worth $121,399,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC bought a new position in Check Point Software Technologies in the 2nd quarter worth about $25,000. Horizon Investments LLC boosted its holdings in shares of Check Point Software Technologies by 116.4% in the first 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. AlphaCore Capital LLC bought a new position in Check Point Software Technologies in the second quarter worth approximately $43,000. Summit Securities Group LLC purchased a new position in Check Point Software Technologies during the 1st quarter worth $49,000. Finally, SVB Wealth LLC bought a new stake in Check Point Software Technologies during the 1st quarter valued at $74,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CHKP. BMO Capital Markets lifted their price objective on Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Cantor Fitzgerald reissued a “neutral” rating and set a $220.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 22nd. Mizuho set a $225.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Barclays increased their price objective on shares of Check Point Software Technologies from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th. Finally, Scotiabank boosted their price objective on shares of Check Point Software Technologies from $205.00 to $210.00 and gave the stock a “sector perform” rating in a research note 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $230.91.

Check Point Software Technologies Trading Down 3.2%

Shares of CHKP stock opened at $192.12 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $178.64 and a 12-month high of $234.35. The business’s fifty day simple moving average is $193.85 and its 200-day simple moving average is $202.86. The company has a market cap of $21.13 billion, a PE ratio of 21.04, a PEG ratio of 3.16 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last announced 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 for the quarter, compared to the consensus estimate of $673.60 million. During the same period in the previous year, the business earned $2.25 EPS. The firm’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 and its Q4 2025 guidance at 2.700-2.800 EPS. On average, equities 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.