Sound Shore Management Inc. CT Acquires 71,271 Shares of Check Point Software Technologies Ltd. $CHKP

Sound Shore Management Inc. CT lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 20.2% in the 4th quarter, HoldingsChannel reports. The firm owned 424,584 shares of the technology company’s stock after acquiring an additional 71,271 shares during the period. Check Point Software Technologies makes up 2.5% of Sound Shore Management Inc. CT’s portfolio, making the stock its 25th largest holding. Sound Shore Management Inc. CT’s holdings in Check Point Software Technologies were worth $78,786,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HUB Investment Partners LLC increased its stake in shares of Check Point Software Technologies by 1.5% in the third quarter. HUB Investment Partners LLC now owns 3,558 shares of the technology company’s stock worth $736,000 after purchasing an additional 53 shares in the last quarter. Modern Wealth Management LLC lifted its stake in Check Point Software Technologies by 3.6% in the 3rd quarter. Modern Wealth Management LLC now owns 1,513 shares of the technology company’s stock worth $313,000 after purchasing an additional 53 shares in the last quarter. Horizon Investments LLC grew its holdings in Check Point Software Technologies by 28.9% during the 3rd quarter. Horizon Investments LLC now owns 241 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares in the last quarter. Pinnacle West Asset Management Inc. grew its holdings in Check Point Software Technologies by 4.6% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 1,255 shares of the technology company’s stock valued at $260,000 after buying an additional 55 shares in the last quarter. Finally, Howe & Rusling Inc. lifted its holdings in shares of Check Point Software Technologies by 4.3% in the 3rd quarter. Howe & Rusling Inc. now owns 1,434 shares of the technology company’s stock valued at $297,000 after acquiring an additional 59 shares during the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Mizuho set a $135.00 price target on Check Point Software Technologies in a report on Friday, May 1st. JPMorgan Chase & Co. decreased their price objective on shares of Check Point Software Technologies from $185.00 to $135.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a report on Friday, May 1st. Evercore set a $185.00 target price on Check Point Software Technologies in a report on Friday, February 13th. Finally, BMO Capital Markets lowered their target price on Check Point Software Technologies from $210.00 to $135.00 and set an “outperform” rating for the company in a report on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $146.50.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $135.68 on Thursday. Check Point Software Technologies Ltd. has a 52 week low of $112.23 and a 52 week high of $233.78. The company has a 50 day moving average price of $133.87 and a 200 day moving average price of $162.23. 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 firm has a market capitalization of $14.33 billion, a P/E ratio of 13.93, a PEG ratio of 4.13 and a beta of 0.49.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.08. Check Point Software Technologies had a net margin of 38.37% and a return on equity of 38.79%. The company had revenue of $668.40 million for the quarter, compared to the consensus estimate of $672.55 million. During the same quarter in the prior year, the company earned $2.21 EPS. Check Point Software Technologies’s quarterly revenue 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 expect that Check Point Software Technologies Ltd. will post 8.47 EPS for the current year.

Check Point Software Technologies Profile

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).