Meyer Handelman Co. Has $10.58 Million Holdings in Check Point Software Technologies Ltd. $CHKP

Meyer Handelman Co. increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 22.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,092 shares of the technology company’s stock after acquiring an additional 13,710 shares during the period. Meyer Handelman Co.’s holdings in Check Point Software Technologies were worth $10,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Measured Wealth Private Client Group LLC bought a new position in Check Point Software Technologies in the 3rd quarter valued at $27,000. Abound Financial LLC bought a new stake in shares of Check Point Software Technologies during the fourth quarter worth $27,000. MV Capital Management Inc. acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $28,000. Ossiam increased its stake in shares of 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 in the last quarter. Finally, Hilltop National Bank bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at about $36,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $122.84 on Friday. The business’s 50-day simple moving average is $128.15 and its 200 day simple moving average is $155.08. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 3.68 and a beta of 0.49. Check Point Software Technologies Ltd. has a 12-month low of $112.23 and a 12-month high of $232.07. 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 (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 EPS 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 firm had revenue of $668.40 million during the quarter, compared to analyst estimates of $672.55 million. During the same period last year, the company earned $2.21 earnings per share. The company’s 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. As a group, research analysts anticipate that Check Point Software Technologies Ltd. will post 8.46 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on CHKP shares. Citigroup reduced their price target on shares of Check Point Software Technologies from $190.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Barclays lowered their price objective on shares of Check Point Software Technologies from $165.00 to $133.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. BMO Capital Markets dropped their target price on shares of Check Point Software Technologies from $210.00 to $135.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Scotiabank reduced their target price on shares of Check Point Software Technologies from $180.00 to $125.00 and set a “sector perform” rating on the stock in a research report on Friday, May 1st. Finally, Wells Fargo & Company decreased their price target on shares of Check Point Software Technologies from $165.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Friday, May 1st. Eight equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $146.50.

Insider Transactions at Check Point Software Technologies

In other Check Point Software Technologies news, Director Yoav Chelouche sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $140.28, for a total value of $3,507,000.00. Following the transaction, the director directly owned 4,008 shares of the company’s stock, valued at approximately $562,242.24. This trade represents a 86.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.00% of the company’s stock.

Check Point Software Technologies Company 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).