Davis Capital Management Sells 4,359 Shares of Check Point Software Technologies Ltd. $CHKP

Davis Capital Management cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 93.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298 shares of the technology company’s stock after selling 4,359 shares during the quarter. Davis Capital Management’s holdings in Check Point Software Technologies were worth $38,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CHKP. Victory Capital Management Inc. grew its stake in Check Point Software Technologies by 16.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,684,756 shares of the technology company’s stock valued at $312,623,000 after purchasing an additional 234,539 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Check Point Software Technologies by 56.8% in the fourth quarter. Hsbc Holdings PLC now owns 69,340 shares of the technology company’s stock valued at $12,902,000 after acquiring an additional 25,105 shares during the last quarter. Framtiden Holdings Management Co LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $12,061,000. Assetmark Inc. increased its position in Check Point Software Technologies by 5.1% during the first quarter. Assetmark Inc. now owns 223,868 shares of the technology company’s stock worth $31,980,000 after buying an additional 10,903 shares during the last quarter. Finally, DeepCurrents Investment Group LLC bought a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $2,913,000. Institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CHKP. Citigroup upped their price objective on shares of Check Point Software Technologies from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. cut shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $135.00 price target on the stock. in a report on Monday, July 27th. Barclays cut their price objective on shares of Check Point Software Technologies from $145.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. TD Cowen reaffirmed a “buy” rating on shares of Check Point Software Technologies in a research report on Thursday, July 30th. Finally, Wells Fargo & Company lowered their target price on Check Point Software Technologies from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $148.74.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP traded up $4.43 on Thursday, reaching $134.74. 1,132,700 shares of the company’s stock were exchanged, compared to its average volume of 1,333,815. Check Point Software Technologies Ltd. has a twelve month low of $112.23 and a twelve month high of $210.66. The company has a fifty day moving average of $131.93 and a 200-day moving average of $132.53. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 3.78 and a beta of 0.48. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) 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. The business had revenue of $673.60 million during the quarter, compared to analysts’ expectations of $675.45 million. Check Point Software Technologies had a return on equity of 38.80% and a net margin of 37.93%.The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.37 earnings per share. 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. On average, research analysts predict that Check Point Software Technologies Ltd. will post 8.45 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CRO Sherif Seddik sold 10,272 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $123.59, for a total transaction of $1,269,516.48. Following the completion of the sale, the executive owned 24,675 shares of the company’s stock, valued at $3,049,583.25. This represents a 29.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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 company insiders.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. is a cybersecurity company that develops solutions designed to protect networks, cloud environments, endpoints, mobile devices, and email systems from cyber threats. Its offerings help organizations prevent malware, ransomware, phishing, unauthorized access, and other security risks across increasingly distributed information technology environments.

The company’s product portfolio includes network security appliances and software, cloud security platforms, endpoint protection, mobile security, email and collaboration security, security management tools, and threat intelligence services.