DNB Asset Management AS Buys 932,485 Shares of Check Point Software Technologies Ltd. $CHKP

DNB Asset Management AS grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 105.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,820,339 shares of the technology company’s stock after buying an additional 932,485 shares during the period. Check Point Software Technologies makes up 1.2% of DNB Asset Management AS’s investment portfolio, making the stock its 14th largest holding. DNB Asset Management AS’s holdings in Check Point Software Technologies were worth $337,782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Check Point Software Technologies by 1,032.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 318,042 shares of the technology company’s stock worth $59,016,000 after buying an additional 289,951 shares in the last quarter. Phoenix Financial Ltd. bought a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $30,202,000. Thrivent Financial for Lutherans boosted its holdings in shares of Check Point Software Technologies by 6.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 118,875 shares of the technology company’s stock worth $22,059,000 after buying an additional 7,523 shares in the last quarter. Arbejdsmarkedets Tillaegspension bought a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $22,235,000. Finally, Baader Bank Aktiengesellschaft bought a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $469,000. 98.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CHKP. Truist Financial set a $150.00 price target on Check Point Software Technologies in a report on Thursday, April 30th. Wells Fargo & Company cut their price target on Check Point Software Technologies from $165.00 to $120.00 and set an “equal weight” rating on the stock in a report on Friday, May 1st. UBS Group cut their price target on Check Point Software Technologies from $170.00 to $130.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Argus upgraded Check Point Software Technologies to a “hold” rating in a report on Thursday, February 26th. Finally, Stephens restated an “overweight” rating and set a $145.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $146.50.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $124.03 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.70. Check Point Software Technologies Ltd. has a twelve month low of $112.23 and a twelve month high of $233.78. The stock’s 50 day moving average is $140.03 and its 200-day moving average is $168.45. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 12.73, a PEG ratio of 3.54 and a beta of 0.43.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Thursday, April 30th. The technology company reported $2.50 earnings per share for the quarter, topping 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 company had revenue of $668.40 million for the quarter, compared to analyst estimates of $672.55 million. During the same period in the prior year, the firm earned $2.21 earnings per share. Check Point Software Technologies’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. Sell-side analysts forecast that Check Point Software Technologies Ltd. will post 8.49 EPS for the current fiscal 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).