Cannell & Spears LLC Cuts Stock Holdings in Check Point Software Technologies Ltd. $CHKP

Cannell & Spears LLC lessened its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,839 shares of the technology company’s stock after selling 5,845 shares during the quarter. Cannell & Spears LLC owned about 0.08% of Check Point Software Technologies worth $11,990,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CHKP. AQR Capital Management LLC acquired a new stake in Check Point Software Technologies during the 1st quarter worth $262,000. EverSource Wealth Advisors LLC lifted its stake in shares of Check Point Software Technologies by 24.3% in the second quarter. EverSource Wealth Advisors LLC now owns 598 shares of the technology company’s stock worth $132,000 after buying an additional 117 shares in the last quarter. Squarepoint Ops LLC lifted its stake in shares of 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 buying an additional 4,577 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Check Point Software Technologies by 6.5% during the second quarter. The Manufacturers Life Insurance Company now owns 36,240 shares of the technology company’s stock worth $8,018,000 after acquiring an additional 2,198 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its stake 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 acquiring an additional 317 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Up 3.6%

Check Point Software Technologies stock opened at $130.57 on Friday. The company has a market capitalization of $13.79 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 3.73 and a beta of 0.49. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.85 and a current ratio of 1.85. Check Point Software Technologies Ltd. has a fifty-two week low of $112.23 and a fifty-two week high of $223.30. The firm has a 50 day moving average price of $130.74 and a 200 day moving average price of $147.18.

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 business 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 company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period 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. Research analysts expect that Check Point Software Technologies Ltd. will post 8.44 earnings per share for the current year.

Insider Activity at Check Point Software Technologies

In other news, Director Yoav Chelouche sold 25,000 shares of the firm’s 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 owned 4,008 shares of the company’s stock, valued at approximately $562,242.24. This trade represents a 86.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Mizuho set a $135.00 target price on shares of Check Point Software Technologies in a research note on Friday, May 1st. JPMorgan Chase & Co. dropped their price target on Check Point Software Technologies from $185.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Jefferies Financial Group reiterated a “buy” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a research report on Friday, May 1st. Scotiabank raised Check Point Software Technologies from a “sector perform” rating to an “outperform” rating and set a $185.00 price objective on the stock in a research note on Monday, July 6th. Finally, Piper Sandler lowered Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $120.00 price target on the stock. in a report on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $150.52.

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).