Osaic Holdings Inc. Purchases 16,237 Shares of Check Point Software Technologies Ltd. $CHKP

by · The Cerbat Gem

Osaic Holdings Inc. grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 40.2% in the second quarter, HoldingsChannel reports. The fund owned 56,597 shares of the technology company’s stock after buying an additional 16,237 shares during the period. Osaic Holdings Inc.’s holdings in Check Point Software Technologies were worth $12,663,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Legacy Investment Solutions LLC bought a new stake in Check Point Software Technologies in the 2nd quarter valued at about $25,000. AlphaCore Capital LLC bought a new stake in shares of Check Point Software Technologies in the second quarter valued at approximately $43,000. SVB Wealth LLC acquired a new stake in Check Point Software Technologies during the first quarter worth approximately $74,000. CENTRAL TRUST Co increased its stake in Check Point Software Technologies by 126.7% during the 2nd quarter. CENTRAL TRUST Co now owns 340 shares of the technology company’s stock worth $75,000 after acquiring an additional 190 shares during the period. Finally, CNB Bank raised its holdings in Check Point Software Technologies by 69.7% in the 2nd quarter. CNB Bank now owns 392 shares of the technology company’s stock valued at $87,000 after acquiring an additional 161 shares in the last quarter. 98.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CHKP shares. Roth Capital reissued a “neutral” rating on shares of Check Point Software Technologies in a report on Monday, October 27th. Cantor Fitzgerald reissued a “neutral” rating and issued a $220.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 22nd. Citigroup upped their price target on shares of Check Point Software Technologies from $200.00 to $210.00 and gave the stock a “neutral” rating in a report on Thursday, December 11th. JPMorgan Chase & Co. decreased 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. Finally, BMO Capital Markets upped their target price on Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $230.91.

Check Out Our Latest Report on Check Point Software Technologies

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $189.14 on Friday. Check Point Software Technologies Ltd. has a one year low of $178.64 and a one year high of $234.35. The company has a market cap of $20.80 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 3.00 and a beta of 0.61. The firm has a 50 day simple moving average of $192.73 and a 200 day simple moving average of $201.51.

Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last announced its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, topping 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 company had revenue of $677.50 million during the quarter, compared to the consensus estimate of $673.60 million. During the same period in the prior year, the business earned $2.25 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. 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 expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Check Point Software Technologies Company Profile

(Free Report)

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).

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