Legacy Wealth Asset Management LLC Has $2.22 Million Stock Position in Check Point Software Technologies Ltd. $CHKP

Legacy Wealth Asset Management LLC raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 250.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,892 shares of the technology company’s stock after acquiring an additional 12,078 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Check Point Software Technologies were worth $2,220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Phoenix Financial Ltd. acquired a new stake in Check Point Software Technologies in the 4th quarter valued at $30,202,000. Goldman Sachs Group Inc. boosted its stake in shares of Check Point Software Technologies by 30.5% during the 4th 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. Assetmark Inc. grew its holdings 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 valued at $39,518,000 after acquiring an additional 44,366 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of 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 acquiring an additional 234,539 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Check Point Software Technologies by 56.8% during the fourth quarter. Hsbc Holdings PLC now owns 69,340 shares of the technology company’s stock worth $12,902,000 after acquiring an additional 25,105 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

Shares of CHKP opened at $127.82 on Monday. The company’s 50-day moving average is $130.42 and its 200-day moving average is $142.74. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a market capitalization of $13.05 billion, a PE ratio of 13.08, a PEG ratio of 4.75 and a beta of 0.49. Check Point Software Technologies Ltd. has a fifty-two week low of $112.23 and a fifty-two week high of $210.66.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, July 30th. The technology company reported $2.55 EPS for the quarter, topping the consensus estimate 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 net margin of 37.93% and a return on equity of 38.80%. Check Point Software Technologies’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Equities analysts forecast that Check Point Software Technologies Ltd. will post 8.46 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Guggenheim raised Check Point Software Technologies from a “neutral” rating to a “buy” rating and set a $188.00 price target for the company in a research report on Wednesday, July 1st. Raymond James Financial lowered Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 15th. Truist Financial set a $150.00 price objective on Check Point Software Technologies in a research note on Thursday, April 30th. Cantor Fitzgerald reissued a “neutral” rating and issued a $150.00 price objective on shares of Check Point Software Technologies in a report on Thursday, July 23rd. Finally, Stifel Nicolaus raised their target price on shares of Check Point Software Technologies from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $149.67.

Insider Buying and Selling

In related news, Director Yoav Chelouche sold 25,000 shares of Check Point Software Technologies stock in a transaction that occurred 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 directly owned 4,008 shares of the company’s stock, valued at approximately $562,242.24. This trade represents a 86.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Sherif Seddik sold 10,272 shares of the business’s 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 owned 24,675 shares of the company’s stock, valued at $3,049,583.25. This trade represents a 29.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.00% of the company’s stock.

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).