First Trust Advisors LP Lowers Stake in Check Point Software Technologies Ltd. $CHKP

First Trust Advisors LP reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 9.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,407,814 shares of the technology company’s stock after selling 246,788 shares during the period. First Trust Advisors LP’s holdings in Check Point Software Technologies were worth $343,956,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Wilshire Securities Management Inc. increased its stake in Check Point Software Technologies by 37.3% in the first quarter. First Wilshire Securities Management Inc. now owns 5,922 shares of the technology company’s stock valued at $846,000 after acquiring an additional 1,608 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd lifted its stake in Check Point Software Technologies by 30.7% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 170,411 shares of the technology company’s stock worth $24,343,000 after purchasing an additional 40,000 shares during the last quarter. Oslo Pensjonsforsikring AS purchased a new position in shares of Check Point Software Technologies in the 1st quarter worth about $36,000. Sound Shore Management Inc. CT boosted its holdings in shares of Check Point Software Technologies by 22.1% in the 1st quarter. Sound Shore Management Inc. CT now owns 518,529 shares of the technology company’s stock worth $74,072,000 after purchasing an additional 93,945 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Check Point Software Technologies by 18.2% during the 1st quarter. Parallel Advisors LLC now owns 2,372 shares of the technology company’s stock valued at $339,000 after purchasing an additional 366 shares during the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on CHKP. Truist Financial set a $150.00 price objective on Check Point Software Technologies in a report on Thursday, April 30th. UBS Group reduced their price target on shares of Check Point Software Technologies from $170.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. TD Cowen set a $180.00 price target on shares of Check Point Software Technologies in a research note on Thursday, April 30th. Citigroup lowered their price objective on shares of Check Point Software Technologies from $190.00 to $125.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Finally, Bank of America cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research note on Monday, May 4th. Ten equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $151.44.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $130.46 on Wednesday. The company has a market capitalization of $13.78 billion, a P/E ratio of 13.39, a PEG ratio of 4.00 and a beta of 0.49. Check Point Software Technologies Ltd. has a fifty-two week low of $112.23 and a fifty-two week high of $225.23. 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 stock has a 50 day moving average price of $130.24 and a two-hundred day moving average price of $148.09.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Thursday, April 30th. The technology company reported $2.50 earnings per share (EPS) 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 firm had revenue of $668.40 million for the quarter, compared to analysts’ expectations of $672.55 million. During the same quarter last year, the business earned $2.21 earnings per share. The business’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. Analysts expect that Check Point Software Technologies Ltd. will post 8.46 earnings per share for the current year.

Insiders Place Their Bets

In other Check Point Software Technologies news, Director Yoav Chelouche sold 25,000 shares of the 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 completion of the sale, the director owned 4,008 shares of the company’s stock, valued at $562,242.24. This represents a 86.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is owned by insiders.

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).