NewEdge Wealth LLC Acquires 4,534 Shares of Check Point Software Technologies Ltd. $CHKP

NewEdge Wealth LLC grew its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,872 shares of the technology company’s stock after buying an additional 4,534 shares during the quarter. NewEdge Wealth LLC’s holdings in Check Point Software Technologies were worth $4,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Phoenix Financial Ltd. acquired a new position in shares of Check Point Software Technologies in the fourth quarter worth about $30,202,000. Massachusetts Financial Services Co. MA grew its position in shares of Check Point Software Technologies by 28.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,937,229 shares of the technology company’s stock worth $1,472,832,000 after buying an additional 1,766,774 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Check Point Software Technologies by 7.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 162,807 shares of the technology company’s stock worth $30,210,000 after buying an additional 10,644 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Check Point Software Technologies by 30.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 639,967 shares of the technology company’s stock worth $118,752,000 after buying an additional 149,637 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of Check Point Software Technologies by 26.3% in the 4th quarter. Assetmark Inc. now owns 212,965 shares of the technology company’s stock worth $39,518,000 after purchasing an additional 44,366 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 1.5%

Shares of Check Point Software Technologies stock opened at $126.01 on Friday. The stock’s fifty day moving average is $130.61 and its 200-day moving average is $147.29. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $13.31 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 3.78 and a beta of 0.49. Check Point Software Technologies Ltd. has a 12-month low of $112.23 and a 12-month high of $224.20.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, April 30th. The technology company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.42 by $0.08. The company had revenue of $668.40 million during the quarter, compared to analysts’ expectations of $672.55 million. Check Point Software Technologies had a net margin of 38.37% and a return on equity of 38.79%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the company posted $2.21 earnings per share. 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. Equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.45 earnings per share for the current year.

Insider Activity

In other Check Point Software Technologies news, Director Yoav Chelouche sold 25,000 shares of Check Point Software Technologies stock in a transaction that occurred 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 sale, the director directly owned 4,008 shares in the company, valued at $562,242.24. The trade was a 86.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 29.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Cantor Fitzgerald reissued a “neutral” rating and set a $150.00 target price on shares of Check Point Software Technologies in a report on Thursday. UBS Group lowered their price objective on Check Point Software Technologies from $170.00 to $130.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and set a $120.00 target price for the company. in a research note on Monday, May 4th. Weiss Ratings cut Check Point Software Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Finally, Wells Fargo & Company increased their price target on Check Point Software Technologies from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday. Ten analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $150.52.

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).