Arrowstreet Capital Limited Partnership Invests $7.50 Million in Check Point Software Technologies Ltd. $CHKP

Arrowstreet Capital Limited Partnership acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the second quarter, HoldingsChannel reports. The firm acquired 33,881 shares of the technology company’s stock, valued at approximately $7,496,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHKP. Vanguard Group Inc. grew 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 worth $70,061,000 after purchasing an additional 2,281 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Check Point Software Technologies by 5.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 107,197 shares of the technology company’s stock valued at $24,432,000 after buying an additional 5,266 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Check Point Software Technologies in the 1st quarter worth about $4,532,000. Invesco Ltd. grew 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 acquiring an additional 865,608 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Check Point Software Technologies during the first quarter worth approximately $88,286,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CHKP. Morgan Stanley set a $212.00 price objective on Check Point Software Technologies in a research note on Wednesday, October 29th. Stifel Nicolaus set a $211.00 price objective on shares of Check Point Software Technologies in a research note on Tuesday, October 28th. 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. UBS Group upped their price target on shares of Check Point Software Technologies from $210.00 to $215.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. dropped 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 note on Wednesday, September 24th. One equities research 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 company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $230.48.

Check Point Software Technologies Stock Performance

CHKP stock opened at $197.50 on Thursday. The firm has a market cap of $21.72 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 3.10 and a beta of 0.61. Check Point Software Technologies Ltd. has a one year low of $178.64 and a one year high of $234.35. The firm has a 50-day simple moving average of $194.17 and a two-hundred day simple moving average of $203.14.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $677.50 million for the quarter, compared to the consensus estimate of $673.60 million. During the same period in the prior year, the firm posted $2.25 earnings per share. The business’s quarterly revenue 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, equities analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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.