Davis Capital Management Invests $1.28 Million in Check Point Software Technologies Ltd. $CHKP

Davis Capital Management acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,169 shares of the technology company’s stock, valued at approximately $1,276,000.

A number of other hedge funds also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new position in Check Point Software Technologies in the second quarter valued at $25,000. Louisbourg Investments Inc. bought a new position in shares of Check Point Software Technologies during the 3rd quarter valued at about $29,000. Heartwood Wealth Advisors LLC purchased a new position in shares of Check Point Software Technologies during the 3rd quarter valued at about $42,000. AlphaCore Capital LLC purchased a new position in shares of Check Point Software Technologies during the 2nd quarter valued at about $43,000. Finally, CENTRAL TRUST Co lifted its position in Check Point Software Technologies by 126.7% in the 2nd quarter. CENTRAL TRUST Co now owns 340 shares of the technology company’s stock worth $75,000 after buying an additional 190 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. BMO Capital Markets increased their price target on shares of Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Citigroup increased their target price on shares of Check Point Software Technologies from $200.00 to $210.00 and gave the company a “neutral” rating in a report on Thursday, December 11th. Stifel Nicolaus set a $211.00 target price on shares of Check Point Software Technologies in a research report on Tuesday, October 28th. UBS Group upped their price target on shares of Check Point Software Technologies from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $220.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $232.00.

Check Point Software Technologies Stock Down 2.4%

Shares of Check Point Software Technologies stock opened at $181.03 on Friday. The firm has a market cap of $19.91 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 3.18 and a beta of 0.59. The company’s fifty day simple moving average is $191.59 and its two-hundred day simple moving average is $198.61. 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 posted its earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. During the same period in the prior year, the business posted $2.25 earnings per share. Check Point Software Technologies’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, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. is an Israeli-founded cybersecurity company that develops, markets and supports a broad portfolio of network, cloud and endpoint security products. Founded in 1993, the company was an early pioneer of stateful inspection firewall technology and later developed a modular “software blade” approach that allowed customers to combine protection capabilities. Check Point’s product set spans physical and virtual security appliances, software and cloud-native services designed to prevent cyberattacks, protect data and simplify security management for enterprises and service providers.

Key product families include Quantum Security Gateways (on-premises and hybrid appliances), CloudGuard (cloud security posture and workload protection), Harmony (endpoint, remote access and unified endpoint security), and SandBlast (advanced threat prevention and sandboxing).