Swedbank AB grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 1.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 458,650 shares of the technology company’s stock after purchasing an additional 4,490 shares during the quarter. Swedbank AB owned about 0.43% of Check Point Software Technologies worth $65,518,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in shares of Check Point Software Technologies by 3.3% during the fourth quarter. Nordea Investment Management AB now owns 1,106,298 shares of the technology company’s stock worth $205,827,000 after buying an additional 35,448 shares in the last quarter. Phoenix Financial Ltd. acquired a new position in shares of Check Point Software Technologies in the fourth quarter valued at about $30,202,000. Massachusetts Financial Services Co. MA increased its position in Check Point Software Technologies by 28.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,937,229 shares of the technology company’s stock worth $1,472,832,000 after acquiring an additional 1,766,774 shares during the period. Ion Asset Management Ltd. acquired a new stake in Check Point Software Technologies in the 3rd quarter worth about $53,510,000. Finally, Assenagon Asset Management S.A. raised its stake in Check Point Software Technologies by 7.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 162,807 shares of the technology company’s stock worth $30,210,000 after purchasing an additional 10,644 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Check Point Software Technologies
In other news, Director Yoav Chelouche sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $140.28, for a total value of $3,507,000.00. Following the sale, the director directly owned 4,008 shares in the company, valued at approximately $562,242.24. This trade represents a 86.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 29.00% of the company’s stock.
Check Point Software Technologies Trading Down 0.1%
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.08. The business had revenue of $668.40 million during the quarter, compared to the consensus estimate of $672.55 million. Check Point Software Technologies had a return on equity of 38.79% and a net margin of 38.37%.Check Point Software Technologies’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.21 EPS. Check Point Software Technologies has set its FY 2026 guidance at 10.050-10.850 EPS and its Q2 2026 guidance at 2.400-2.500 EPS. Equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.46 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on CHKP shares. Bank of America downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research report on Monday, May 4th. Guggenheim upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating and set a $188.00 price target on the stock in a research report on Wednesday, July 1st. Cantor Fitzgerald dropped their price target on Check Point Software Technologies from $190.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Morgan Stanley set a $133.00 price objective on shares of Check Point Software Technologies in a research report on Friday, May 1st. Finally, Mizuho set a $135.00 price objective on shares of Check Point Software Technologies in a research note on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus target price of $150.26.
Check Out Our Latest Research Report on CHKP
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).
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