Resonant Capital Advisors LLC Buys Shares of 6,692 Check Point Software Technologies Ltd. $CHKP

Resonant Capital Advisors LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,692 shares of the technology company’s stock, valued at approximately $1,385,000.

A number of other large investors also recently modified their holdings of CHKP. Davis Capital Management purchased a new position in Check Point Software Technologies in the third quarter worth $1,276,000. Ninety One UK Ltd lifted its stake in Check Point Software Technologies by 0.3% during the third quarter. Ninety One UK Ltd now owns 2,601,592 shares of the technology company’s stock worth $538,295,000 after purchasing an additional 8,814 shares during the last quarter. Triton Financial Group Inc bought a new stake in Check Point Software Technologies during the second quarter worth about $2,296,000. Meyer Handelman Co. boosted its holdings in shares of Check Point Software Technologies by 11.9% in the 3rd quarter. Meyer Handelman Co. now owns 52,291 shares of the technology company’s stock worth $10,820,000 after purchasing an additional 5,552 shares in the last quarter. Finally, Aberdeen Group plc increased its position in shares of Check Point Software Technologies by 4.9% during the 2nd quarter. Aberdeen Group plc now owns 39,850 shares of the technology company’s stock valued at $8,817,000 after purchasing an additional 1,848 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. 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 research note on Wednesday, October 29th. UBS Group boosted their price objective on shares of Check Point Software Technologies from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Stephens raised shares of Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $225.00 to $240.00 in a report on Wednesday. Cantor Fitzgerald reiterated a “neutral” rating and issued a $220.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 22nd. Finally, Piper Sandler lowered their price target on shares of Check Point Software Technologies from $260.00 to $240.00 and set an “overweight” rating for the company in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $230.41.

Check Point Software Technologies Stock Down 1.6%

Shares of CHKP opened at $185.54 on Monday. The stock has a market capitalization of $20.41 billion, a P/E ratio of 20.32, a PEG ratio of 3.27 and a beta of 0.59. Check Point Software Technologies Ltd. has a twelve month low of $178.68 and a twelve month high of $234.35. The firm has a fifty day simple moving average of $189.92 and a two-hundred day simple moving average of $196.27.

Check Point Software Technologies (NASDAQ:CHKP) last issued 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 firm 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 quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

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).