Perpetual Ltd Sells 4,756 Shares of Check Point Software Technologies Ltd. $CHKP

Perpetual Ltd reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 475,614 shares of the technology company’s stock after selling 4,756 shares during the period. Check Point Software Technologies accounts for 1.2% of Perpetual Ltd’s holdings, making the stock its 24th biggest holding. Perpetual Ltd owned about 0.43% of Check Point Software Technologies worth $98,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new stake in shares of Check Point Software Technologies in the second quarter valued at approximately $25,000. Louisbourg Investments Inc. bought a new stake in Check Point Software Technologies during the 3rd quarter valued at $29,000. AlphaCore Capital LLC purchased a new stake in shares of Check Point Software Technologies in the 2nd quarter worth $43,000. Heartwood Wealth Advisors LLC bought a new position in shares of Check Point Software Technologies during the 3rd quarter worth $42,000. Finally, SVB Wealth LLC purchased a new position in shares of Check Point Software Technologies during the first quarter valued at $74,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Up 0.6%

NASDAQ:CHKP opened at $189.14 on Friday. The stock has a market capitalization of $20.80 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 3.00 and a beta of 0.61. Check Point Software Technologies Ltd. has a 52 week low of $178.64 and a 52 week high of $234.35. The firm has a 50 day moving average of $192.73 and a 200 day moving average of $201.51.

Check Point Software Technologies (NASDAQ:CHKP) last released 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 business had revenue of $677.50 million for the quarter, compared to analyst estimates of $673.60 million. During the same period in the previous year, the company earned $2.25 earnings per share. The business’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, analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $220.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 22nd. Roth Capital reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research report on Monday, October 27th. Citigroup increased 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. Stifel Nicolaus set a $211.00 price objective on shares of Check Point Software Technologies in a research note on Tuesday, October 28th. Finally, Scotiabank upped their target price on Check Point Software Technologies from $205.00 to $210.00 and gave the stock a “sector perform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies has an average rating of “Hold” and an average target price of $230.91.

About Check Point Software Technologies

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).