Highbridge Capital Management LLC Invests $4.26 Million in Check Point Software Technologies Ltd. $CHKP

Highbridge Capital Management LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 22,976 shares of the technology company’s stock, valued at approximately $4,263,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CHKP. Norges Bank bought a new position in shares of Check Point Software Technologies in the 4th quarter worth $731,276,000. Massachusetts Financial Services Co. MA boosted its position in shares of Check Point Software Technologies by 28.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,937,229 shares of the technology company’s stock worth $1,472,832,000 after purchasing an additional 1,766,774 shares during the last quarter. DNB Asset Management AS boosted its position in shares of Check Point Software Technologies by 105.0% in the 4th quarter. DNB Asset Management AS now owns 1,820,339 shares of the technology company’s stock worth $337,782,000 after purchasing an additional 932,485 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Check Point Software Technologies by 31.4% in the 3rd quarter. First Trust Advisors LP now owns 2,497,275 shares of the technology company’s stock worth $516,711,000 after purchasing an additional 597,413 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Check Point Software Technologies in the 3rd quarter worth $112,854,000. 98.51% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Check Point Software Technologies news, Director Yoav Chelouche sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $140.28, for a total transaction of $3,507,000.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several recent research reports. Compass Point set a $120.00 price target on Check Point Software Technologies in a research report on Monday, May 4th. 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. Roth Mkm set a $160.00 price target on Check Point Software Technologies in a research report on Friday, May 1st. UBS Group reduced their target price on 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. Finally, Robert W. Baird set a $220.00 target price on Check Point Software Technologies in a report on Friday, February 13th. Eight investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and an average target price of $146.50.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $135.82 on Friday. The business’s 50 day moving average price is $133.57 and its two-hundred day moving average price is $161.61. The company has a market cap of $14.34 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 4.02 and a beta of 0.49. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.70. Check Point Software Technologies Ltd. has a twelve month low of $112.23 and a twelve month high of $233.78.

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, topping analysts’ consensus estimates of $2.42 by $0.08. The firm had revenue of $668.40 million for the quarter, compared to the consensus estimate of $672.55 million. Check Point Software Technologies had a return on equity of 38.79% and a net margin of 38.37%.The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. On average, analysts predict that Check Point Software Technologies Ltd. will post 8.47 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).