Meritage Portfolio Management Has $7.32 Million Position in Check Point Software Technologies Ltd. $CHKP

Meritage Portfolio Management decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 9.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 35,356 shares of the technology company’s stock after selling 3,635 shares during the period. Meritage Portfolio Management’s holdings in Check Point Software Technologies were worth $7,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CHKP. AQR Capital Management LLC acquired a new position in Check Point Software Technologies in the 1st quarter valued at about $262,000. Aaron Wealth Advisors LLC boosted its holdings in shares of Check Point Software Technologies by 5.2% during the second quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company’s stock worth $244,000 after acquiring an additional 55 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Check Point Software Technologies by 6.0% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,183 shares of the technology company’s stock valued at $2,474,000 after purchasing an additional 629 shares during the last quarter. Swedbank AB increased its stake in shares of Check Point Software Technologies by 0.3% during the second quarter. Swedbank AB now owns 429,981 shares of the technology company’s stock worth $95,133,000 after purchasing an additional 1,335 shares during the period. Finally, Fulton Bank N.A. lifted its holdings in Check Point Software Technologies by 3.2% during the 2nd quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company’s stock worth $330,000 after purchasing an additional 46 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Up 0.9%

Shares of Check Point Software Technologies stock opened at $188.17 on Thursday. Check Point Software Technologies Ltd. has a 12-month low of $178.68 and a 12-month high of $234.35. The company has a market capitalization of $20.69 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 3.27 and a beta of 0.59. The firm’s 50-day moving average price is $190.37 and its two-hundred day moving average price is $196.91.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. The company 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 firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 EPS. 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, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on CHKP shares. UBS Group upped their price objective 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. Royal Bank Of Canada decreased their price target on shares of Check Point Software Technologies from $215.00 to $195.00 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. JPMorgan Chase & Co. lowered their price target on shares of Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 24th. Roth Capital reissued a “neutral” rating on shares of Check Point Software Technologies in a report on Monday, October 27th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $220.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.41.

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).