Camden National Bank Acquires 12,175 Shares of Check Point Software Technologies Ltd. $CHKP

Camden National Bank grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 21.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,992 shares of the technology company’s stock after buying an additional 12,175 shares during the period. Camden National Bank’s holdings in Check Point Software Technologies were worth $9,856,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CHKP. Abound Financial LLC purchased a new position in Check Point Software Technologies during the 4th quarter valued at $27,000. Measured Wealth Private Client Group LLC bought a new stake in Check Point Software Technologies during the 3rd quarter valued at approximately $27,000. MV Capital Management Inc. purchased a new stake in Check Point Software Technologies in the fourth quarter worth $28,000. Ascentis Independent Advisors purchased a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $30,000. Finally, Ossiam increased its stake in shares of Check Point Software Technologies by 139.1% during the third quarter. Ossiam now owns 165 shares of the technology company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

CHKP stock opened at $137.02 on Wednesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.85 and a quick ratio of 1.85. Check Point Software Technologies Ltd. has a 1 year low of $112.23 and a 1 year high of $225.23. The company has a market cap of $14.47 billion, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 3.96 and a beta of 0.49. The stock’s fifty day moving average price is $128.33 and its 200-day moving average price is $149.96.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.08. Check Point Software Technologies had a return on equity of 38.79% and a net margin of 38.37%.The company had revenue of $668.40 million during the quarter, compared to analysts’ expectations of $672.55 million. During the same quarter in the prior year, the business earned $2.21 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 4.8% compared to the same quarter last year. 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. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post 8.46 earnings per share for the current year.

Insider Transactions at Check Point Software Technologies

In other news, Director Yoav Chelouche sold 25,000 shares of Check Point Software Technologies stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $140.28, for a total transaction of $3,507,000.00. Following the transaction, the director owned 4,008 shares in the company, valued at $562,242.24. This trade represents a 86.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CHKP. Compass Point set a $120.00 target price on shares of Check Point Software Technologies in a research note on Monday, May 4th. Mizuho set a $135.00 price objective on Check Point Software Technologies in a research report on Friday, May 1st. BMO Capital Markets reduced their price objective on Check Point Software Technologies from $210.00 to $135.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Scotiabank upgraded shares of Check Point Software Technologies from a “sector perform” rating to an “outperform” rating and set a $185.00 target price on the stock in a research note on Monday, July 6th. Finally, Royal Bank Of Canada dropped their price target on shares of Check Point Software Technologies from $157.00 to $135.00 and set a “sector perform” rating on the stock in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $150.70.

Check Out Our Latest Report on CHKP

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).

Further Reading

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

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