California Public Employees Retirement System Decreases Holdings in Check Point Software Technologies Ltd. $CHKP

California Public Employees Retirement System trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.5% during the first quarter, HoldingsChannel reports. The firm owned 215,295 shares of the technology company’s stock after selling 12,607 shares during the quarter. California Public Employees Retirement System’s holdings in Check Point Software Technologies were worth $30,755,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assetmark Inc. grew its position in Check Point Software Technologies by 5.1% during the first quarter. Assetmark Inc. now owns 223,868 shares of the technology company’s stock valued at $31,980,000 after buying an additional 10,903 shares during the period. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Check Point Software Technologies during the first quarter worth about $3,112,000. BCGM Wealth Management LLC raised its position in Check Point Software Technologies by 5.3% in the first quarter. BCGM Wealth Management LLC now owns 9,548 shares of the technology company’s stock worth $1,364,000 after acquiring an additional 484 shares during the period. Camden National Bank raised its position in Check Point Software Technologies by 21.4% in the first quarter. Camden National Bank now owns 68,992 shares of the technology company’s stock worth $9,856,000 after acquiring an additional 12,175 shares during the period. Finally, Roberts Glore & Co. Inc. IL boosted its stake in Check Point Software Technologies by 5.7% in the first quarter. Roberts Glore & Co. Inc. IL now owns 2,047 shares of the technology company’s stock valued at $292,000 after acquiring an additional 110 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Yoav Chelouche sold 25,000 shares of Check Point Software Technologies 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 completion of the transaction, the director directly owned 4,008 shares in the company, valued at approximately $562,242.24. The trade was a 86.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 29.00% of the company’s stock.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $130.46 on Wednesday. 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 company has a market cap of $13.78 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 4.00 and a beta of 0.49. Check Point Software Technologies Ltd. has a 52 week low of $112.23 and a 52 week high of $225.23. The firm’s 50-day simple moving average is $130.24 and its two-hundred day simple moving average is $148.09.

Check Point Software Technologies (NASDAQ:CHKP) last posted its 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 firm had revenue of $668.40 million during the quarter, compared to the consensus estimate of $672.55 million. During the same quarter 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. Research analysts predict that Check Point Software Technologies Ltd. will post 8.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CHKP shares. Royal Bank Of Canada reduced their target price on shares of Check Point Software Technologies from $157.00 to $135.00 and set a “sector perform” rating for the company in a research report on Friday, May 1st. UBS Group lowered 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 report on Friday, May 1st. TD Cowen set a $180.00 price objective on Check Point Software Technologies in a research note on Thursday, April 30th. Piper Sandler lowered Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $120.00 price objective for the company. in a report on Thursday, April 30th. Finally, Mizuho set a $135.00 target price on Check Point Software Technologies in a research report on Friday, May 1st. 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $151.44.

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).