Check Point Software Technologies Ltd. $CHKP Shares Sold by Cannell & Spears LLC

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

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Horizon Investments LLC raised its holdings in Check Point Software Technologies by 28.9% in the third quarter. Horizon Investments LLC now owns 241 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. grew its holdings in Check Point Software Technologies by 4.6% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,353 shares of the technology company’s stock worth $251,000 after acquiring an additional 59 shares in the last quarter. RIA Advisory Group LLC increased its position in shares of Check Point Software Technologies by 5.1% in the 4th quarter. RIA Advisory Group LLC now owns 1,258 shares of the technology company’s stock valued at $233,000 after purchasing an additional 61 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in shares of Check Point Software Technologies by 9.4% in the 4th quarter. Transamerica Financial Advisors LLC now owns 745 shares of the technology company’s stock valued at $138,000 after purchasing an additional 64 shares in the last quarter. Finally, Sendero Wealth Management LLC lifted its position in shares of Check Point Software Technologies by 2.6% during the 4th quarter. Sendero Wealth Management LLC now owns 2,913 shares of the technology company’s stock worth $541,000 after purchasing an additional 73 shares during 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 the company’s stock in a transaction 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 sale, the director owned 4,008 shares in the company, valued at $562,242.24. This represents a 86.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is owned by insiders.

Check Point Software Technologies Stock Up 3.6%

CHKP opened at $130.57 on Friday. Check Point Software Technologies Ltd. has a one year low of $112.23 and a one year high of $223.30. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $13.79 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 3.73 and a beta of 0.49. The business’s 50-day simple moving average is $130.74 and its 200-day simple moving average is $147.18.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $2.50 earnings per share (EPS) 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 firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.21 EPS. 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 anticipate that Check Point Software Technologies Ltd. will post 8.44 EPS for the current year.

Analysts Set New Price Targets

CHKP has been the topic of several recent analyst reports. Stifel Nicolaus set a $120.00 target price on Check Point Software Technologies in a report on Friday, May 1st. Bank of America cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research report on Monday, May 4th. Royal Bank Of Canada dropped their price objective on Check Point Software Technologies from $157.00 to $135.00 and set a “sector perform” rating on the stock in a report on Friday, May 1st. Roth Capital set a $160.00 target price on Check Point Software Technologies in a research note on Friday, May 1st. Finally, Piper Sandler downgraded Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $120.00 price target for the company. in a report on Thursday, April 30th. Ten equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average 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).