Lazard Asset Management LLC Grows Position in Check Point Software Technologies Ltd. $CHKP

Lazard Asset Management LLC grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 16.2% in the first quarter, HoldingsChannel.com reports. The fund owned 809,115 shares of the technology company’s stock after purchasing an additional 112,713 shares during the period. Lazard Asset Management LLC’s holdings in Check Point Software Technologies were worth $115,582,000 at the end of the most recent reporting period.

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

Check Point Software Technologies Trading Up 1.7%

NASDAQ CHKP opened at $132.75 on Tuesday. The firm has a market cap of $13.55 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 3.86 and a beta of 0.49. Check Point Software Technologies Ltd. has a 1-year low of $112.23 and a 1-year high of $222.21. The stock has a 50-day moving average of $130.85 and a 200-day moving average of $146.53. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.70.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 earnings per share 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 firm had revenue of $668.40 million during the quarter, compared to analyst estimates of $672.55 million. During the same quarter in the prior year, the firm posted $2.21 earnings per share. The business’s quarterly revenue 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. As a group, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 8.44 EPS for the current year.

Insider Activity at Check Point Software Technologies

In other Check Point Software Technologies news, Director Yoav Chelouche sold 25,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director directly owned 4,008 shares in the company, valued at approximately $562,242.24. This represents a 86.18% decrease in their position. The sale was disclosed in a document filed 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. 29.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CHKP has been the topic of several research reports. Stephens restated an “overweight” rating and set a $145.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, April 30th. Mizuho set a $135.00 target price on shares of Check Point Software Technologies in a research report on Friday, May 1st. The Goldman Sachs Group set a $168.00 price target on Check Point Software Technologies in a research report on Friday, May 1st. Morgan Stanley set a $133.00 price target on Check Point Software Technologies in a research note on Friday, May 1st. Finally, UBS Group cut their price objective on Check Point Software Technologies from $170.00 to $130.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $151.81.

About Check Point Software Technologies

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).