Renaissance Technologies LLC Acquires Shares of 239,208 Check Point Software Technologies Ltd. $CHKP

Renaissance Technologies LLC acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the first quarter, HoldingsChannel.com reports. The fund acquired 239,208 shares of the technology company’s stock, valued at approximately $34,171,000.

Other institutional investors have also recently modified their holdings of the company. Gabelli Funds LLC increased its stake in shares of Check Point Software Technologies by 109.9% in the 1st quarter. Gabelli Funds LLC now owns 13,283 shares of the technology company’s stock valued at $1,897,000 after purchasing an additional 6,956 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in Check Point Software Technologies during the first quarter worth approximately $443,000. Inceptionr LLC acquired a new stake in Check Point Software Technologies in the first quarter valued at approximately $416,000. Bowen Hanes & Co. Inc. grew its holdings in Check Point Software Technologies by 7.3% in the first quarter. Bowen Hanes & Co. Inc. now owns 5,850 shares of the technology company’s stock valued at $836,000 after purchasing an additional 400 shares during the period. Finally, Mizuho Markets Americas LLC increased its position in shares of Check Point Software Technologies by 633.4% in the first quarter. Mizuho Markets Americas LLC now owns 158,900 shares of the technology company’s stock valued at $22,699,000 after buying an additional 137,235 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $137.64 on Wednesday. The company has a market cap of $14.05 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 3.92 and a beta of 0.49. The stock’s 50 day simple moving average is $131.08 and its 200-day simple moving average is $146.17. Check Point Software Technologies Ltd. has a 1-year low of $112.23 and a 1-year high of $220.53. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.85 and a quick ratio of 1.85.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly 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. 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 in the previous year, the business earned $2.21 earnings per share. 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, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 8.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CHKP. Mizuho set a $135.00 target price on Check Point Software Technologies in a research note on Friday, May 1st. Raymond James Financial lowered shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 15th. Guggenheim upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and set a $188.00 price objective for the company in a research report on Wednesday, July 1st. Stifel Nicolaus set a $120.00 price objective on shares of Check Point Software Technologies in a report on Friday, May 1st. Finally, Scotiabank upgraded shares of Check Point Software Technologies from a “sector perform” rating to an “outperform” rating and set a $185.00 target price on the stock in a research report on Monday, July 6th. Nine research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $151.81.

Insiders Place Their Bets

In other Check Point Software Technologies news, Director Yoav Chelouche sold 25,000 shares of Check Point Software Technologies stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $140.28, for a total transaction of $3,507,000.00. Following the sale, the director owned 4,008 shares of the company’s stock, valued at $562,242.24. The trade was a 86.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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).