CWA Asset Management Group LLC Decreases Stake in Check Point Software Technologies Ltd. $CHKP

CWA Asset Management Group LLC reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 75.9% during the third quarter, HoldingsChannel reports. The fund owned 6,298 shares of the technology company’s stock after selling 19,803 shares during the quarter. CWA Asset Management Group LLC’s holdings in Check Point Software Technologies were worth $1,303,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Check Point Software Technologies in the second quarter worth about $714,801,000. Ninety One UK Ltd boosted its holdings in Check Point Software Technologies by 0.3% in the 3rd quarter. Ninety One UK Ltd now owns 2,601,592 shares of the technology company’s stock worth $538,295,000 after buying an additional 8,814 shares during the period. Ameriprise Financial Inc. grew its stake in Check Point Software Technologies by 9.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,001,247 shares of the technology company’s stock valued at $442,733,000 after buying an additional 170,373 shares in the last quarter. First Trust Advisors LP raised its holdings in Check Point Software Technologies by 9.6% during the 2nd quarter. First Trust Advisors LP now owns 1,899,862 shares of the technology company’s stock valued at $420,344,000 after acquiring an additional 166,092 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Check Point Software Technologies by 43.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company’s stock worth $338,168,000 after acquiring an additional 450,099 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Up 0.5%

CHKP stock opened at $186.01 on Wednesday. The company’s 50 day moving average is $191.10 and its 200 day moving average is $198.01. The stock has a market cap of $20.46 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 3.25 and a beta of 0.59. Check Point Software Technologies Ltd. has a 1-year low of $178.64 and a 1-year 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 (EPS) 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 business had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. During the same period in the previous 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 forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHKP has been the subject of several recent research reports. Morgan Stanley set a $212.00 price target on Check Point Software Technologies in a research report on Wednesday, October 29th. UBS Group lifted their target price on Check Point Software Technologies from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Barclays lowered their price target on shares of Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday. Citigroup boosted their price objective on shares of Check Point Software Technologies from $200.00 to $210.00 and gave the company a “neutral” rating in a research note on Thursday, December 11th. Finally, Stifel Nicolaus set a $211.00 target price on shares of Check Point Software Technologies in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $229.50.

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).