Norges Bank Purchases Shares of 3,940,912 Check Point Software Technologies Ltd. $CHKP

Norges Bank purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, Holdings Channel.com reports. The firm purchased 3,940,912 shares of the technology company’s stock, valued at approximately $731,276,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHKP. Massachusetts Financial Services Co. MA raised its stake in shares of Check Point Software Technologies by 28.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,937,229 shares of the technology company’s stock valued at $1,472,832,000 after purchasing an additional 1,766,774 shares during the period. DNB Asset Management AS raised its stake in shares of Check Point Software Technologies by 105.0% in the 4th quarter. DNB Asset Management AS now owns 1,820,339 shares of the technology company’s stock valued at $337,782,000 after purchasing an additional 932,485 shares during the period. First Trust Advisors LP raised its stake in shares of Check Point Software Technologies by 31.4% in the 3rd quarter. First Trust Advisors LP now owns 2,497,275 shares of the technology company’s stock valued at $516,711,000 after purchasing an additional 597,413 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at about $112,854,000. Finally, Capital World Investors acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at about $80,084,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $135.05 on Monday. Check Point Software Technologies Ltd. has a fifty-two week low of $112.23 and a fifty-two week high of $233.78. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $14.26 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 3.98 and a beta of 0.49. The business has a 50-day moving average of $134.74 and a 200-day moving average of $163.57.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results 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 business had revenue of $668.40 million for the quarter, compared to analysts’ expectations of $672.55 million. During the same quarter in the prior year, the business earned $2.21 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. 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 predict that Check Point Software Technologies Ltd. will post 8.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on CHKP shares. Royal Bank Of Canada dropped their price target on Check Point Software Technologies from $157.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and issued a $160.00 price objective on shares of Check Point Software Technologies in a report on Friday, May 1st. Roth Mkm set a $160.00 price objective on Check Point Software Technologies in a report on Friday, May 1st. 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 report on Thursday, April 30th. Finally, The Goldman Sachs Group set a $168.00 price objective on Check Point Software Technologies in a report on Friday, May 1st. Eight research 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 MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $146.50.

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).