Pictet Asset Management Holding SA Buys 23,569 Shares of Check Point Software Technologies Ltd. $CHKP

Pictet Asset Management Holding SA lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 763,045 shares of the technology company’s stock after purchasing an additional 23,569 shares during the period. Pictet Asset Management Holding SA’s holdings in Check Point Software Technologies were worth $108,970,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC acquired a new stake in shares of Check Point Software Technologies in the 1st quarter valued at $262,000. EverSource Wealth Advisors LLC lifted its stake in shares of Check Point Software Technologies by 24.3% during the second quarter. EverSource Wealth Advisors LLC now owns 598 shares of the technology company’s stock valued at $132,000 after acquiring an additional 117 shares during the period. Squarepoint Ops LLC increased its position in Check Point Software Technologies by 20.9% in the second quarter. Squarepoint Ops LLC now owns 26,464 shares of the technology company’s stock worth $5,855,000 after purchasing an additional 4,577 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Check Point Software Technologies by 6.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,240 shares of the technology company’s stock worth $8,018,000 after purchasing an additional 2,198 shares during the last quarter. Finally, Diversify Advisory Services LLC lifted its position in Check Point Software Technologies by 17.3% during the 2nd quarter. Diversify Advisory Services LLC now owns 2,153 shares of the technology company’s stock valued at $476,000 after purchasing an additional 317 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $130.05 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $13.73 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 3.84 and a beta of 0.49. The stock has a 50-day moving average of $128.06 and a 200-day moving average of $154.65. Check Point Software Technologies Ltd. has a one year low of $112.23 and a one year high of $232.07.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $2.50 earnings per share for the quarter, beating 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 business had revenue of $668.40 million for the quarter, compared to the consensus estimate of $672.55 million. During the same period last year, the company posted $2.21 EPS. Check Point Software Technologies’s revenue for the quarter 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, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup reduced their target price 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. Wedbush cut their price objective on shares of Check Point Software Technologies from $210.00 to $160.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. UBS Group cut their price objective 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. Compass Point set a $120.00 price objective on shares of Check Point Software Technologies in a research note on Monday, May 4th. Finally, Stifel Nicolaus set a $120.00 target price on shares of Check Point Software Technologies in a research report on Friday, May 1st. Eight analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $146.50.

Insider Buying and Selling at Check Point Software Technologies

In other news, Director Yoav Chelouche sold 25,000 shares of the business’s stock in a transaction 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 owned 4,008 shares of the company’s stock, valued at $562,242.24. The trade was a 86.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is currently owned by corporate insiders.

Check Point Software Technologies 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).