Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Stock Holdings in Check Point Software Technologies Ltd. $CHKP

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 32.1% in the first quarter, Holdings Channel.com reports. The firm owned 13,021 shares of the technology company’s stock after selling 6,158 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Check Point Software Technologies were worth $1,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake 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 acquiring an additional 1,766,774 shares during the last quarter. Norges Bank acquired a new position in shares of Check Point Software Technologies during the 4th quarter valued at about $731,276,000. First Trust Advisors LP grew its holdings in shares of Check Point Software Technologies by 6.3% in the fourth quarter. First Trust Advisors LP now owns 2,654,602 shares of the technology company’s stock valued at $492,588,000 after purchasing an additional 157,327 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of Check Point Software Technologies by 9.3% in the second quarter. Ameriprise Financial Inc. now owns 2,001,247 shares of the technology company’s stock valued at $442,733,000 after purchasing an additional 170,373 shares during the period. Finally, DNB Asset Management AS increased its position 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 worth $337,782,000 after purchasing an additional 932,485 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several recent analyst reports. Citigroup decreased 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 report on Monday, May 4th. Raymond James Financial lowered shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Truist Financial set a $150.00 price objective on Check Point Software Technologies in a report on Thursday, April 30th. Wedbush lowered their price objective on Check Point Software Technologies from $210.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Finally, Susquehanna cut their target price on Check Point Software Technologies from $255.00 to $140.00 and set a “positive” rating for the company in a research note on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $150.70.

Insider Activity

In related news, Director Yoav Chelouche sold 25,000 shares of Check Point Software Technologies stock in a transaction on Tuesday, June 2nd. The stock was 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 directly owned 4,008 shares in the company, 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 is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.00% of the company’s stock.

Check Point Software Technologies Stock Up 3.1%

NASDAQ:CHKP opened at $136.51 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average is $129.11 and its two-hundred day moving average is $149.20. Check Point Software Technologies Ltd. has a 52 week low of $112.23 and a 52 week high of $225.23. The stock has a market capitalization of $14.42 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 3.91 and a beta of 0.49.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data 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. The business had revenue of $668.40 million during the quarter, compared to analysts’ expectations 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 revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm 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 anticipate that Check Point Software Technologies Ltd. will post 8.46 EPS for the current year.

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).