Legacy Wealth Asset Management LLC raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 250.9% in the second quarter, HoldingsChannel.com reports. The firm owned 16,892 shares of the technology company’s stock after purchasing an additional 12,078 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Check Point Software Technologies were worth $2,220,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $731,276,000. First Trust Advisors LP boosted its stake in shares of Check Point Software Technologies by 6.3% in the fourth quarter. First Trust Advisors LP now owns 2,654,602 shares of the technology company’s stock valued at $492,588,000 after buying an additional 157,327 shares during the period. Ameriprise Financial Inc. grew its position in Check Point Software Technologies by 9.3% during the second quarter. Ameriprise Financial Inc. now owns 2,001,247 shares of the technology company’s stock worth $442,733,000 after buying an additional 170,373 shares in the last quarter. DNB Asset Management AS increased its stake in Check Point Software Technologies by 105.0% during the 4th quarter. DNB Asset Management AS now owns 1,820,339 shares of the technology company’s stock worth $337,782,000 after acquiring an additional 932,485 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Check Point Software Technologies by 16.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,684,756 shares of the technology company’s stock worth $312,623,000 after acquiring an additional 234,539 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Wells Fargo & Company cut their target price on Check Point Software Technologies from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Stifel Nicolaus raised their price target on Check Point Software Technologies from $120.00 to $130.00 and gave the stock a “hold” rating in a research report on Friday, July 31st. Weiss Ratings raised Check Point Software Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. Raymond James Financial cut shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 15th. Finally, Citigroup upped their price objective on shares of Check Point Software Technologies from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $149.67.
Insider Activity
In other Check Point Software Technologies news, CRO Sherif Seddik sold 10,272 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $123.59, for a total transaction of $1,269,516.48. Following the completion of the transaction, the executive owned 24,675 shares of the company’s stock, valued at approximately $3,049,583.25. The trade was a 29.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yoav Chelouche sold 25,000 shares of the stock in a transaction dated 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 $562,242.24. This trade represents a 86.18% decrease in their position. The SEC filing for this sale provides additional information. 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 Price Performance
NASDAQ CHKP opened at $127.82 on Monday. The business has a fifty day moving average price of $130.42 and a two-hundred 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 Ltd. has a fifty-two week low of $112.23 and a fifty-two week high of $210.66. The stock has a market capitalization of $13.05 billion, a PE ratio of 13.08, a PEG ratio of 4.75 and a beta of 0.49.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.10. Check Point Software Technologies had a return on equity of 38.80% and a net margin of 37.93%.The company had revenue of $673.60 million for the quarter, compared to analyst estimates of $675.45 million. During the same quarter last year, the company posted $2.37 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. 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 expect that Check Point Software Technologies Ltd. will post 8.46 earnings per share for the current fiscal year.
Check Point Software Technologies Company 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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