Check Point Software Technologies (NASDAQ:CHKP) Trading Up 6.2% – Should You Buy?

Check Point Software Technologies Ltd. (NASDAQ:CHKP) shot up 6.2% during mid-day trading on Monday . The stock traded as high as $139.12 and last traded at $139.8130. 187,721 shares were traded during mid-day trading, a decline of 86% from the average session volume of 1,347,476 shares. The stock had previously closed at $131.64.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Bank of America boosted their target price on Check Point Software Technologies from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Roth Capital set a $105.00 price target on Check Point Software Technologies in a research report on Friday, July 31st. Scotiabank upgraded Check Point Software Technologies from a “sector perform” rating to an “outperform” rating and set a $185.00 price objective for the company in a research note on Monday, July 6th. The Goldman Sachs Group lowered their price objective on Check Point Software Technologies from $168.00 to $150.00 and set a “neutral” rating for the company in a research report on Saturday, August 1st. Finally, Compass Point set a $135.00 target price on shares of Check Point Software Technologies in a research note on Monday, July 27th. Eight analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $148.74.

Check Point Software Technologies Stock Down 0.5%

The stock has a market cap of $14.07 billion, a PE ratio of 14.10, a price-to-earnings-growth ratio of 3.96 and a beta of 0.50. The firm has a fifty day moving average of $132.35 and a 200 day moving average of $135.22. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.10. The company had revenue of $673.60 million during the quarter, compared to the consensus estimate of $675.45 million. Check Point Software Technologies had a return on equity of 38.80% and a net margin of 37.93%.Check Point Software Technologies’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.37 EPS. 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, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 8.45 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CRO Sherif Seddik sold 10,272 shares of the company’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 completion of the transaction, the executive directly owned 24,675 shares of the company’s stock, valued at $3,049,583.25. This represents a 29.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 insiders.

Institutional Trading of Check Point Software Technologies

Several institutional investors have recently modified their holdings of the stock. Abound Financial LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $27,000. MV Capital Management Inc. purchased a new position in Check Point Software Technologies in the fourth quarter valued at approximately $28,000. JNBA Financial Advisors increased its position in shares of Check Point Software Technologies by 90.0% in the second quarter. JNBA Financial Advisors now owns 190 shares of the technology company’s stock worth $25,000 after acquiring an additional 90 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in Check Point Software Technologies in the 1st quarter valued at $30,000. Finally, Western Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the first quarter worth about $33,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

About Check Point Software Technologies

Check Point Software Technologies Ltd. is a cybersecurity company that develops products and services designed to protect organizations, businesses and consumers from cyber threats. Its offerings address network, cloud, endpoint, mobile and data security, as well as security management and threat intelligence.

The company’s portfolio includes network security gateways and firewalls, cloud security solutions, endpoint protection, secure remote access, mobile security and security operations tools.