Check Point Software Technologies Ltd. $CHKP Shares Sold by Vontobel Holding Ltd.

by · The Cerbat Gem

Vontobel Holding Ltd. cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 5.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 62,523 shares of the technology company’s stock after selling 3,321 shares during the period. Vontobel Holding Ltd.’s holdings in Check Point Software Technologies were worth $12,937,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CHKP. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in 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 valued at $338,168,000 after buying an additional 450,099 shares in the last quarter. Triton Financial Group Inc bought a new position in Check Point Software Technologies during the second quarter worth $2,296,000. BNP Paribas Financial Markets boosted its holdings in Check Point Software Technologies by 42.2% in the first quarter. BNP Paribas Financial Markets now owns 179,309 shares of the technology company’s stock worth $40,868,000 after purchasing an additional 53,204 shares during the period. Modern Wealth Management LLC bought a new stake in Check Point Software Technologies during the first quarter valued at $290,000. Finally, Aberdeen Group plc raised its holdings in shares of Check Point Software Technologies by 4.9% during the second quarter. Aberdeen Group plc now owns 39,850 shares of the technology company’s stock worth $8,817,000 after purchasing an additional 1,848 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHKP has been the subject of several research reports. Barclays lifted their price target on shares of Check Point Software Technologies from $220.00 to $235.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Citigroup lifted their target price on 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. BMO Capital Markets upped their target price on Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Cantor Fitzgerald reissued a “neutral” rating and issued a $220.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 22nd. Finally, Weiss Ratings upgraded Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $230.91.

View Our Latest Stock Analysis on CHKP

Check Point Software Technologies Trading Down 1.5%

CHKP opened at $186.69 on Thursday. The business’s 50 day moving average is $192.48 and its 200-day moving average is $200.42. The stock has a market cap of $20.53 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 3.02 and a beta of 0.61. Check Point Software Technologies Ltd. has a twelve month low of $178.64 and a twelve month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last posted its earnings results on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $677.50 million for the quarter, compared to analysts’ expectations of $673.60 million. During the same period last year, the firm earned $2.25 EPS. The firm’s revenue 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 forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

About Check Point Software Technologies

(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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