Jones Financial Companies Lllp bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,374 shares of the technology company’s stock, valued at approximately $969,000.
Several other institutional investors also recently modified their holdings of CHKP. Westport Asset Management Inc. acquired a new position in Check Point Software Technologies in the 2nd quarter worth about $4,245,000. Flossbach Von Storch SE bought a new position in Check Point Software Technologies during the 2nd quarter worth approximately $757,000. Plato Investment Management Ltd bought a new position in Check Point Software Technologies during the second quarter worth $418,000. Kentucky Trust Co lifted its stake in shares of Check Point Software Technologies by 9.3% in the 2nd quarter. Kentucky Trust Co now owns 2,340 shares of the technology company’s stock valued at $308,000 after purchasing an additional 200 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in Check Point Software Technologies by 18.8% in the second quarter. Handelsbanken Fonder AB now owns 28,156 shares of the technology company’s stock worth $3,701,000 after purchasing an additional 4,462 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Check Point Software Technologies
In related news, Director Yoav Chelouche sold 25,000 shares of the company’s stock in a transaction 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 sale, the director owned 4,008 shares in the company, 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 SEC, which can be accessed 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 the stock in a transaction on Tuesday, August 4th. The shares were 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 of the company’s stock, valued at $3,049,583.25. The trade was a 29.39% decrease in their ownership of the stock. 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 owned by insiders.
Check Point Software Technologies Trading Down 0.0%
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.10. The business had revenue of $673.60 million during the quarter, compared to the consensus estimate of $675.45 million. Check Point Software Technologies had a return on equity of 38.80% and a net margin of 37.93%.The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.37 EPS. 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. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 8.46 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities analysts have recently weighed in on CHKP shares. Scotiabank upgraded shares of Check Point Software Technologies from a “sector perform” rating to an “outperform” rating and set a $185.00 price objective on the stock in a report on Monday, July 6th. Guggenheim upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating and set a $188.00 target price for the company in a research note on Wednesday, July 1st. Weiss Ratings raised Check Point Software Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Wells Fargo & Company cut their price target on Check Point Software Technologies from $140.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Finally, Piper Sandler cut Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research note on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $149.67.
View Our Latest Report on CHKP
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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