Check Point Software Technologies (NASDAQ:CHKP) Shares Gap Down – Should You Sell?

Check Point Software Technologies Ltd. (NASDAQ:CHKP)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $137.02, but opened at $132.22. Check Point Software Technologies shares last traded at $135.2210, with a volume of 154,312 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CHKP shares. TD Cowen set a $180.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 30th. Citigroup dropped their price objective on shares of Check Point Software Technologies from $190.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Truist Financial set a $150.00 price objective on shares of Check Point Software Technologies in a report on Thursday, April 30th. Guggenheim raised 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 note on Wednesday, July 1st. Finally, Stephens restated an “overweight” rating and set a $145.00 target price on shares of Check Point Software Technologies in a report on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $150.70.

Check Point Software Technologies Stock Up 3.1%

The firm has a market capitalization of $14.42 billion, a P/E ratio of 14.02, a PEG ratio of 3.91 and a beta of 0.49. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.85 and a current ratio of 1.85. The business’s fifty day moving average price is $129.11 and its two-hundred day moving average price is $149.20.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $668.40 million for the quarter, compared to the consensus estimate of $672.55 million. During the same quarter in the previous year, the firm earned $2.21 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. 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. Equities analysts expect that Check Point Software Technologies Ltd. will post 8.46 earnings per share for the current fiscal year.

Insider Transactions at Check Point Software Technologies

In other news, Director Yoav Chelouche sold 25,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $140.28, for a total transaction 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 represents a 86.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 29.00% of the company’s stock.

Institutional Trading of Check Point Software Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Horizon Investments LLC boosted its holdings in Check Point Software Technologies by 28.9% in the third quarter. Horizon Investments LLC now owns 241 shares of the technology company’s stock worth $50,000 after acquiring an additional 54 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. increased its holdings in shares of Check Point Software Technologies by 4.6% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,353 shares of the technology company’s stock valued at $251,000 after acquiring an additional 59 shares in the last quarter. RIA Advisory Group LLC raised its position in shares of Check Point Software Technologies by 5.1% in the 4th quarter. RIA Advisory Group LLC now owns 1,258 shares of the technology company’s stock valued at $233,000 after purchasing an additional 61 shares during the last quarter. Transamerica Financial Advisors LLC raised its position in shares of Check Point Software Technologies by 9.4% in the 4th quarter. Transamerica Financial Advisors LLC now owns 745 shares of the technology company’s stock valued at $138,000 after purchasing an additional 64 shares during the last quarter. Finally, Diversified Trust Co. boosted its stake in Check Point Software Technologies by 0.7% in the 4th quarter. Diversified Trust Co. now owns 9,975 shares of the technology company’s stock worth $1,851,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 98.51% 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).