Huntington National Bank Decreases Stock Position in Check Point Software Technologies Ltd. $CHKP

Huntington National Bank cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 53.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,940 shares of the technology company’s stock after selling 4,440 shares during the quarter. Huntington National Bank’s holdings in Check Point Software Technologies were worth $731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in Check Point Software Technologies in the third quarter valued at about $27,000. Ossiam raised its stake in Check Point Software Technologies by 139.1% in the third quarter. Ossiam now owns 165 shares of the technology company’s stock valued at $34,000 after buying an additional 96 shares during the last quarter. Hilltop National Bank purchased a new stake in Check Point Software Technologies in the fourth quarter valued at about $36,000. Sunbelt Securities Inc. purchased a new stake in Check Point Software Technologies in the third quarter valued at about $38,000. Finally, LRI Investments LLC raised its stake in Check Point Software Technologies by 100.9% in the fourth quarter. LRI Investments LLC now owns 215 shares of the technology company’s stock valued at $40,000 after buying an additional 108 shares during the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on CHKP shares. Truist Financial set a $150.00 price target on Check Point Software Technologies in a research note on Thursday, April 30th. TD Cowen set a $180.00 price target on Check Point Software Technologies in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $180.00 price objective on shares of Check Point Software Technologies in a research note on Friday, February 13th. Piper Sandler cut Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald reduced their price objective on Check Point Software Technologies from $190.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $146.50.

Check Point Software Technologies Trading Up 2.8%

Shares of NASDAQ:CHKP opened at $135.05 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $112.23 and a 52-week high of $233.78. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 3.98 and a beta of 0.43. 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 business has a 50-day moving average price of $134.74 and a 200-day moving average price of $163.84.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $672.55 million. During the same period last year, the business posted $2.21 earnings per share. The company’s revenue for the quarter 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. Equities analysts predict that Check Point Software Technologies Ltd. will post 8.47 EPS for the current year.

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).