Check Point Software Technologies Ltd. $CHKP Shares Purchased by Amundi

Amundi increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 41.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 404,063 shares of the technology company’s stock after buying an additional 119,404 shares during the quarter. Amundi’s holdings in Check Point Software Technologies were worth $88,647,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Check Point Software Technologies by 0.7% in the first quarter. Vanguard Group Inc. now owns 307,391 shares of the technology company’s stock valued at $70,061,000 after acquiring an additional 2,281 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Check Point Software Technologies by 5.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 107,197 shares of the technology company’s stock worth $24,432,000 after purchasing an additional 5,266 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Check Point Software Technologies by 10.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 74,520 shares of the technology company’s stock worth $16,985,000 after purchasing an additional 7,324 shares during the period. Swiss National Bank grew its position in Check Point Software Technologies by 1.2% during the 1st quarter. Swiss National Bank now owns 245,900 shares of the technology company’s stock worth $56,046,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Check Point Software Technologies in the first quarter valued at $4,532,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CHKP. Stifel Nicolaus set a $211.00 price target on Check Point Software Technologies in a research report on Tuesday, October 28th. Roth Capital reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Monday, October 27th. Scotiabank upped their price target on 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. UBS Group increased their price target on Check Point Software Technologies from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 24th. One 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $230.48.

Check Point Software Technologies Trading Down 1.1%

Shares of CHKP opened at $190.85 on Tuesday. The company has a 50-day moving average of $194.56 and a two-hundred day moving average of $203.42. The stock has a market cap of $20.99 billion, a P/E ratio of 20.90, a PEG ratio of 3.08 and a beta of 0.61. 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 announced its 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 net margin of 37.62% and a return on equity of 37.91%. The firm had revenue of $677.50 million during the quarter, compared to the consensus estimate of $673.60 million. During the same quarter in the previous year, the company posted $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. As a group, analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal 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.