Meyer Handelman Co. Has $10.82 Million Position in Check Point Software Technologies Ltd. $CHKP

Meyer Handelman Co. lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 11.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 52,291 shares of the technology company’s stock after buying an additional 5,552 shares during the quarter. Meyer Handelman Co.’s holdings in Check Point Software Technologies were worth $10,820,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP raised its holdings in Check Point Software Technologies by 1.9% in the 1st quarter. Wellington Management Group LLP now owns 14,155 shares of the technology company’s stock valued at $3,226,000 after acquiring an additional 270 shares during the period. Axiom Investors LLC DE bought a new position in shares of Check Point Software Technologies during the first quarter worth approximately $68,010,000. BNP Paribas Financial Markets increased its stake in shares of Check Point Software Technologies by 42.2% during 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. Lansforsakringar Fondforvaltning AB publ lifted its holdings in Check Point Software Technologies by 1.0% during the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 20,316 shares of the technology company’s stock worth $4,630,000 after purchasing an additional 198 shares during the last quarter. Finally, Vident Advisory LLC boosted its stake in Check Point Software Technologies by 121.2% in the 1st quarter. Vident Advisory LLC now owns 241,994 shares of the technology company’s stock valued at $55,155,000 after purchasing an additional 132,577 shares during the period. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 0.6%

NASDAQ CHKP opened at $189.63 on Friday. The firm has a market capitalization of $20.86 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 3.01 and a beta of 0.61. The firm’s 50 day simple moving average is $192.43 and its 200 day simple moving average is $200.06. 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 quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, beating the consensus estimate of $2.45 by $1.49. The business had revenue of $677.50 million during the quarter, compared to the consensus estimate of $673.60 million. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The company’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 earnings per share. 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. On average, equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analyst Weigh In

CHKP has been the subject of a number of research reports. Barclays lifted their target price on Check Point Software Technologies from $220.00 to $235.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 29th. Scotiabank boosted their price objective on shares of Check Point Software Technologies from $205.00 to $210.00 and gave the company a “sector perform” rating in a 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 stock a “neutral” rating in a research report on Thursday, December 11th. BMO Capital Markets lifted 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. Finally, Stifel Nicolaus set a $211.00 price target on Check Point Software Technologies in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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).