Check Point Software Technologies (NASDAQ:CHKP) Shares Break Above 200-Day Moving Average – What’s Next?

Check Point Software Technologies Ltd. (NASDAQ:CHKP) shares crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $134.13 and traded as high as $141.29. Check Point Software Technologies shares last traded at $136.29, with a volume of 679,090 shares traded.

Analyst Ratings Changes

A number of research firms recently issued reports on CHKP. TD Cowen reissued a “buy” rating on shares of Check Point Software Technologies in a research note on Thursday, July 30th. Cantor Fitzgerald restated a “neutral” rating and issued a $150.00 target price on shares of Check Point Software Technologies in a report on Thursday, July 23rd. JPMorgan Chase & Co. downgraded shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $135.00 price target for the company. in a report on Monday, July 27th. 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 report on Friday, July 31st. Finally, Scotiabank upgraded Check Point Software Technologies from a “sector perform” rating to an “outperform” rating and set a $185.00 price target on the stock in a research note on Monday, July 6th. Eight equities research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $148.74.

Check Point Software Technologies Stock Performance

The stock’s 50-day simple moving average is $132.40 and its 200 day simple moving average is $134.11. The company has a market cap of $13.40 billion, a PE ratio of 13.43, a P/E/G ratio of 3.90 and a beta of 0.50. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.67 and a current ratio of 1.67.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share 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 in the prior year, the company earned $2.37 earnings per share. Check Point Software Technologies’s revenue 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. As a group, equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.45 EPS for the current year.

Insiders Place Their Bets

In related news, CRO Sherif Seddik sold 10,272 shares of Check Point Software Technologies stock in a transaction 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 transaction, the executive owned 24,675 shares in the company, valued at approximately $3,049,583.25. This trade represents 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. Insiders own 29.00% of the company’s stock.

Institutional Trading of Check Point Software Technologies

A number of institutional investors have recently modified their holdings of CHKP. JNBA Financial Advisors lifted its position in Check Point Software Technologies by 90.0% during the second quarter. JNBA Financial Advisors now owns 190 shares of the technology company’s stock valued at $25,000 after buying an additional 90 shares in the last quarter. Abound Financial LLC acquired a new stake in Check Point Software Technologies in the 4th quarter valued at $27,000. MV Capital Management Inc. purchased a new position in Check Point Software Technologies in the fourth quarter valued at about $28,000. Ascentis Independent Advisors purchased a new position in Check Point Software Technologies in the first quarter valued at about $30,000. Finally, Elevation Wealth Partners LLC lifted its stake in shares of Check Point Software Technologies by 42.7% during the second quarter. Elevation Wealth Partners LLC now owns 254 shares of the technology company’s stock worth $33,000 after purchasing an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. is a cybersecurity company that develops products and services designed to protect organizations, businesses and consumers from cyber threats. Its offerings address network, cloud, endpoint, mobile and data security, as well as security management and threat intelligence.

The company’s portfolio includes network security gateways and firewalls, cloud security solutions, endpoint protection, secure remote access, mobile security and security operations tools.