iA Global Asset Management Inc. Purchases Shares of 8,800 Check Point Software Technologies Ltd. $CHKP

iA Global Asset Management Inc. purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, HoldingsChannel reports. The fund purchased 8,800 shares of the technology company’s stock, valued at approximately $1,633,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CHKP. Massachusetts Financial Services Co. MA raised its holdings in Check Point Software Technologies by 28.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,937,229 shares of the technology company’s stock valued at $1,472,832,000 after acquiring an additional 1,766,774 shares during the period. DNB Asset Management AS raised its holdings in Check Point Software Technologies by 105.0% during the fourth quarter. DNB Asset Management AS now owns 1,820,339 shares of the technology company’s stock valued at $337,782,000 after acquiring an additional 932,485 shares during the period. First Trust Advisors LP grew its position in shares of Check Point Software Technologies by 31.4% during the third quarter. First Trust Advisors LP now owns 2,497,275 shares of the technology company’s stock valued at $516,711,000 after purchasing an additional 597,413 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new position in shares of Check Point Software Technologies during the third quarter valued at about $112,854,000. Finally, Capital World Investors purchased a new position in shares of Check Point Software Technologies during the third quarter valued at about $80,084,000. 98.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CHKP. Argus upgraded Check Point Software Technologies to a “hold” rating in a research report on Thursday, February 26th. 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 research report on Thursday, April 30th. Susquehanna cut their price objective on Check Point Software Technologies from $255.00 to $140.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Weiss Ratings lowered Check Point Software Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. Finally, Wells Fargo & Company cut their price objective on Check Point Software Technologies from $165.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $146.50.

Check Point Software Technologies Trading Up 2.6%

CHKP opened at $127.28 on Tuesday. The firm has a market cap of $13.44 billion, a P/E ratio of 13.07, a P/E/G ratio of 3.65 and a beta of 0.43. Check Point Software Technologies Ltd. has a 12 month low of $112.23 and a 12 month high of $233.78. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average of $139.29 and a 200 day moving average of $167.75.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.42 by $0.08. The company had revenue of $668.40 million during the quarter, compared to analyst estimates of $672.55 million. Check Point Software Technologies had a return on equity of 38.79% and a net margin of 38.37%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $2.21 earnings per share. 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, research analysts forecast that Check Point Software Technologies Ltd. will post 8.49 EPS for the current year.

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).