Lazard Asset Management LLC Boosts Position in Check Point Software Technologies Ltd. $CHKP

by · The Cerbat Gem

Lazard Asset Management LLC raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 12.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 548,705 shares of the technology company’s stock after acquiring an additional 62,407 shares during the quarter. Lazard Asset Management LLC owned approximately 0.50% of Check Point Software Technologies worth $121,399,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Check Point Software Technologies by 43.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,483,714 shares of the technology company’s stock valued at $338,168,000 after buying an additional 450,099 shares in the last quarter. National Pension Service raised its holdings in Check Point Software Technologies by 49.2% during the first quarter. National Pension Service now owns 393,586 shares of the technology company’s stock valued at $89,706,000 after acquiring an additional 129,829 shares during the period. Triton Financial Group Inc purchased a new position in shares of Check Point Software Technologies in the second quarter valued at about $2,296,000. BNP Paribas Financial Markets boosted its stake in shares of Check Point Software Technologies by 42.2% in the first quarter. BNP Paribas Financial Markets now owns 179,309 shares of the technology company’s stock worth $40,868,000 after acquiring an additional 53,204 shares during the period. Finally, Modern Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the first quarter worth about $290,000. 98.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CHKP. Weiss Ratings raised Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, October 30th. Cantor Fitzgerald restated a “neutral” rating and set a $220.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 22nd. Royal Bank Of Canada lifted their price target on shares of Check Point Software Technologies from $207.00 to $215.00 and gave the company a “sector perform” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. decreased 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 note on Wednesday, September 24th. Finally, Mizuho set a $225.00 price objective on Check Point Software Technologies in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $230.91.

View Our Latest Research Report on Check Point Software Technologies

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $192.12 on Friday. The company has a market cap of $21.13 billion, a PE ratio of 21.04, a price-to-earnings-growth ratio of 3.16 and a beta of 0.61. Check Point Software Technologies Ltd. has a 1 year low of $178.64 and a 1 year high of $234.35. The stock’s 50 day simple moving average is $193.85 and its two-hundred day simple moving average is $202.86.

Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last released its earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, beating the consensus estimate of $2.45 by $1.49. The firm had revenue of $677.50 million for the quarter, compared to the consensus estimate of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Equities research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Check Point Software Technologies Profile

(Free Report)

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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