Franklin Parlapiano Turner & Welch LLC Purchases 4,306 Shares of Check Point Software Technologies Ltd. $CHKP

Franklin Parlapiano Turner & Welch LLC lifted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 10.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,816 shares of the technology company’s stock after buying an additional 4,306 shares during the period. Check Point Software Technologies makes up about 1.3% of Franklin Parlapiano Turner & Welch LLC’s investment portfolio, making the stock its 24th biggest position. Franklin Parlapiano Turner & Welch LLC’s holdings in Check Point Software Technologies were worth $5,890,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in Check Point Software Technologies in the fourth quarter worth about $731,276,000. First Trust Advisors LP increased its position in shares of Check Point Software Technologies by 6.3% during the 4th quarter. First Trust Advisors LP now owns 2,654,602 shares of the technology company’s stock valued at $492,588,000 after purchasing an additional 157,327 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Check Point Software Technologies by 9.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,001,247 shares of the technology company’s stock valued at $442,733,000 after purchasing an additional 170,373 shares during the last quarter. DNB Asset Management AS lifted its stake in shares of Check Point Software Technologies by 105.0% in the 4th quarter. DNB Asset Management AS now owns 1,820,339 shares of the technology company’s stock worth $337,782,000 after purchasing an additional 932,485 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Check Point Software Technologies by 16.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,684,756 shares of the technology company’s stock worth $312,623,000 after buying an additional 234,539 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Insiders Place Their Bets

In related news, Director Yoav Chelouche sold 25,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $140.28, for a total transaction of $3,507,000.00. Following the completion of the transaction, the director directly owned 4,008 shares of the company’s stock, valued at approximately $562,242.24. This represents a 86.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Sherif Seddik sold 10,272 shares of Check Point Software Technologies stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $123.59, for a total value of $1,269,516.48. Following the completion of the sale, the executive directly owned 24,675 shares in the company, valued at approximately $3,049,583.25. The trade was a 29.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on CHKP shares. Truist Financial set a $150.00 target price on shares of Check Point Software Technologies in a report on Thursday, April 30th. Susquehanna boosted their price objective on shares of Check Point Software Technologies from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Friday, July 31st. TD Cowen restated a “buy” rating on shares of Check Point Software Technologies in a research note on Thursday, July 30th. Stephens reaffirmed an “overweight” rating and issued a $145.00 target price on shares of Check Point Software Technologies in a report on Thursday, April 30th. Finally, Royal Bank Of Canada lowered their target price on Check Point Software Technologies from $157.00 to $135.00 and set a “sector perform” rating on the stock in a research report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $149.67.

Read Our Latest Research Report on CHKP

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $127.82 on Monday. The stock has a market cap of $13.05 billion, a PE ratio of 13.08, a price-to-earnings-growth ratio of 4.75 and a beta of 0.49. Check Point Software Technologies Ltd. has a 1 year low of $112.23 and a 1 year high of $210.66. The firm has a fifty day moving average price of $130.42 and a 200-day moving average price of $142.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.67 and a quick ratio of 1.67.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last released its earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.10. Check Point Software Technologies had a net margin of 37.93% and a return on equity of 38.80%. The company had revenue of $673.60 million for the quarter, compared to analysts’ expectations of $675.45 million. During the same quarter in the previous year, the company earned $2.37 EPS. Check Point Software Technologies’s revenue for the quarter was up 1.3% on a year-over-year basis. Check Point Software Technologies has set its Q3 2026 guidance at 2.430-2.530 EPS and its FY 2026 guidance at 10.050-10.850 EPS. Equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.46 earnings per share for the current fiscal year.

About Check Point Software Technologies

(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).

See Also

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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