Check Point Software Technologies Ltd. $CHKP Stock Sold by Ninety One North America Inc.

Ninety One North America Inc. trimmed its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.2% during the third quarter, HoldingsChannel reports. The fund owned 187,664 shares of the technology company’s stock after selling 12,444 shares during the quarter. Check Point Software Technologies comprises approximately 1.2% of Ninety One North America Inc.’s holdings, making the stock its 29th largest position. Ninety One North America Inc.’s holdings in Check Point Software Technologies were worth $24,087,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC lifted its position in shares of Check Point Software Technologies by 11.3% during the third quarter. Legacy Wealth Asset Management LLC now owns 18,800 shares of the technology company’s stock worth $2,413,000 after purchasing an additional 1,908 shares during the last quarter. Plan A Wealth LLC raised its stake in Check Point Software Technologies by 20.1% during the third quarter. Plan A Wealth LLC now owns 2,075 shares of the technology company’s stock valued at $266,000 after buying an additional 347 shares in the last quarter. Junto Capital Management LP bought a new position in Check Point Software Technologies during the 2nd quarter worth approximately $72,445,000. National Pension Service lifted its holdings in Check Point Software Technologies by 114.8% during the 2nd quarter. National Pension Service now owns 15,468 shares of the technology company’s stock worth $2,033,000 after buying an additional 8,268 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in Check Point Software Technologies during the 2nd quarter worth approximately $302,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Check Point Software Technologies

In related news, CRO Sherif Seddik sold 10,272 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $123.59, for a total value of $1,269,516.48. Following the sale, the executive owned 24,675 shares of the company’s stock, valued at approximately $3,049,583.25. This trade represents a 29.39% decrease in their position. 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. Insiders own 29.00% of the company’s stock.

Check Point Software Technologies Stock Performance

CHKP traded up $3.51 on Thursday, hitting $137.59. 362,713 shares of the company’s stock were exchanged, compared to its average volume of 1,317,512. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.72. The stock has a fifty day moving average of $132.89 and a two-hundred day moving average of $132.12. Check Point Software Technologies Ltd. has a twelve month low of $112.23 and a twelve month high of $210.66. The firm has a market cap of $14.05 billion, a PE ratio of 14.08, a P/E/G ratio of 3.86 and a beta of 0.48.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Thursday, July 30th. The technology company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.10. Check Point Software Technologies had a return on equity of 38.80% and a net margin of 37.93%. The company had revenue of $673.60 million during the quarter, compared to the consensus estimate of $675.45 million. During the same period in the previous year, the firm posted $2.37 earnings per share. Check Point Software Technologies’s quarterly revenue was up 1.3% compared to the same quarter last year. Check Point Software Technologies has set its Q3 2026 guidance at 2.430-2.530 EPS and its FY 2026 guidance at 10.050-10.850 EPS. On average, research analysts anticipate that Check Point Software Technologies Ltd. will post 8.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Mizuho set a $145.00 price target on Check Point Software Technologies in a report on Thursday. The Goldman Sachs Group dropped their price target on Check Point Software Technologies from $168.00 to $150.00 and set a “neutral” rating on the stock in a research report on Saturday, August 1st. Susquehanna raised their price objective on Check Point Software Technologies from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Friday, July 31st. Compass Point set a $135.00 price objective on Check Point Software Technologies in a research note on Monday, July 27th. Finally, UBS Group reaffirmed a “neutral” rating and issued a $145.00 price objective on shares of Check Point Software Technologies in a report on Thursday. Eight research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and an average target price of $149.48.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. is a cybersecurity company that develops solutions designed to protect networks, cloud environments, endpoints, mobile devices, and email systems from cyber threats. Its offerings help organizations prevent malware, ransomware, phishing, unauthorized access, and other security risks across increasingly distributed information technology environments.

The company’s product portfolio includes network security appliances and software, cloud security platforms, endpoint protection, mobile security, email and collaboration security, security management tools, and threat intelligence services.