Assetmark Inc. Purchases 10,903 Shares of Check Point Software Technologies Ltd. $CHKP

Assetmark Inc. increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.1% during the 1st quarter, Holdings Channel reports. The firm owned 223,868 shares of the technology company’s stock after purchasing an additional 10,903 shares during the quarter. Assetmark Inc.’s holdings in Check Point Software Technologies were worth $31,980,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHKP. AQR Capital Management LLC purchased a new stake in shares of Check Point Software Technologies during the 1st quarter valued at $262,000. EverSource Wealth Advisors LLC lifted its position in shares of Check Point Software Technologies by 24.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 598 shares of the technology company’s stock valued at $132,000 after buying an additional 117 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Check Point Software Technologies by 20.9% during the 2nd quarter. Squarepoint Ops LLC now owns 26,464 shares of the technology company’s stock worth $5,855,000 after acquiring an additional 4,577 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Check Point Software Technologies by 6.5% in the second quarter. The Manufacturers Life Insurance Company now owns 36,240 shares of the technology company’s stock valued at $8,018,000 after purchasing an additional 2,198 shares during the period. Finally, Diversify Advisory Services LLC grew its stake in Check Point Software Technologies by 17.3% in the 2nd quarter. Diversify Advisory Services LLC now owns 2,153 shares of the technology company’s stock valued at $476,000 after buying an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Insider Activity at Check Point Software Technologies

In related news, Director Yoav Chelouche sold 25,000 shares of Check Point Software Technologies 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 sale, the director directly owned 4,008 shares in the company, valued at $562,242.24. The trade was a 86.18% decrease in their ownership of the stock. The transaction 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.

Check Point Software Technologies Trading Up 0.4%

CHKP opened at $137.10 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 4.03 and a beta of 0.49. The business has a 50 day simple moving average of $129.55 and a two-hundred day simple moving average of $149.12. Check Point Software Technologies Ltd. has a one year low of $112.23 and a one year high of $225.23.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Thursday, April 30th. The technology company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.08. Check Point Software Technologies had a return on equity of 38.79% and a net margin of 38.37%.The company had revenue of $668.40 million during the quarter, compared to analyst estimates of $672.55 million. During the same quarter last year, the firm posted $2.21 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. 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. Analysts predict that Check Point Software Technologies Ltd. will post 8.46 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on CHKP shares. JPMorgan Chase & Co. dropped their target price on Check Point Software Technologies from $185.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Royal Bank Of Canada cut their price objective on shares of Check Point Software Technologies from $157.00 to $135.00 and set a “sector perform” rating for the company in a research report on Friday, May 1st. Weiss Ratings cut shares of Check Point Software Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Barclays upped their target price on shares of Check Point Software Technologies from $133.00 to $145.00 and gave the stock an “equal weight” rating in a report on Monday, July 13th. Finally, Stifel Nicolaus set a $120.00 price target on Check Point Software Technologies in a research report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $150.70.

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).