Nordea Investment Management AB Reduces Position in Check Point Software Technologies Ltd. $CHKP

by · The Markets Daily

Nordea Investment Management AB decreased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 11.0% in the third quarter, Holdings Channel reports. The fund owned 1,070,850 shares of the technology company’s stock after selling 132,872 shares during the period. Nordea Investment Management AB’s holdings in Check Point Software Technologies were worth $222,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Check Point Software Technologies in the second quarter valued at approximately $25,000. Louisbourg Investments Inc. purchased a new stake in Check Point Software Technologies in the 3rd quarter valued at $29,000. First Horizon Corp acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter worth $38,000. AlphaCore Capital LLC acquired a new stake in shares of Check Point Software Technologies in the 2nd quarter worth $43,000. Finally, Heartwood Wealth Advisors LLC purchased a new position in shares of Check Point Software Technologies during the 3rd quarter worth $42,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Down 1.8%

CHKP opened at $186.57 on Wednesday. The firm has a market cap of $20.52 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 3.33 and a beta of 0.59. The stock’s 50-day moving average price is $190.52 and its 200 day moving average price is $196.97. Check Point Software Technologies Ltd. has a 12-month low of $178.68 and a 12-month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last posted 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. 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 during the quarter, compared to analyst estimates of $673.60 million. During the same quarter last year, the firm posted $2.25 earnings per share. The business’s revenue for the quarter 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. On average, research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of Check Point Software Technologies from $215.00 to $195.00 and set a “sector perform” rating for the company in a research report on Monday, January 5th. KeyCorp raised shares of Check Point Software Technologies to a “hold” rating in a research note on Monday. Stifel Nicolaus set a $211.00 price target on shares of Check Point Software Technologies in a research report on Tuesday, October 28th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $220.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 22nd. Finally, Barclays cut their target price on Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $229.05.

Check Out Our Latest Stock Analysis on Check Point Software Technologies

Check Point Software Technologies Company Profile

(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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