Bank of America Corp DE Has $115.48 Million Stock Position in Check Point Software Technologies Ltd. $CHKP

Key Points

• Bank of America increased its Check Point stake by 26.6% in the first quarter, owning 808,428 shares valued at approximately $115.5 million. Institutional investors collectively hold 98.51% of the company.
• Check Point exceeded quarterly earnings expectations, reporting $2.55 in EPS versus the $2.45 consensus, while revenue rose 1.3% year over year to $673.6 million.
• CHKP shares opened at $125.28, well below their 52-week high of $210.66. Analysts maintain a consensus “Hold” rating with an average price target of $149.67, while recent insider transactions involved substantial planned sales.

Bank of America Corp DE raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 26.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 808,428 shares of the technology company's stock after buying an additional 170,024 shares during the quarter. Bank of America Corp DE owned about 0.77% of Check Point Software Technologies worth $115,484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Check Point Software Technologies in the 4th quarter worth $731,276,000. Massachusetts Financial Services Co. MA raised 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 valued at $1,472,832,000 after purchasing an additional 1,766,774 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Check Point Software Technologies by 26,561.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,233,899 shares of the technology company's stock valued at $228,962,000 after purchasing an additional 1,229,271 shares in the last quarter. DNB Asset Management AS boosted its position in shares of 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 buying an additional 932,485 shares during the period. Finally, Altshuler Shaham Ltd boosted its position in shares of Check Point Software Technologies by 6,253,188.9% during the fourth quarter. Altshuler Shaham Ltd now owns 562,796 shares of the technology company's stock worth $104,432,000 after buying an additional 562,787 shares during the period. Institutional investors and hedge funds own 98.51% of the company's stock.

Insiders Place Their Bets

In other Check Point Software Technologies news, CRO Sherif Seddik sold 10,272 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $123.59, for a total value of $1,269,516.48. Following the completion of the sale, the executive owned 24,675 shares in the company, valued at $3,049,583.25. This trade represents a 29.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yoav Chelouche sold 25,000 shares of Check Point Software Technologies stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $140.28, for a total transaction of $3,507,000.00. Following the completion of the transaction, the director directly owned 4,008 shares of the company's stock, valued at approximately $562,242.24. This trade represents a 86.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 Stock Performance

Shares of NASDAQ CHKP opened at $125.28 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a 50 day moving average price of $130.57 and a 200 day moving average price of $143.14. The stock has a market capitalization of $12.79 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 4.66 and a beta of 0.49. Check Point Software Technologies Ltd. has a 52 week low of $112.23 and a 52 week high of $210.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.10. The firm had revenue of $673.60 million for the quarter, compared to analyst estimates of $675.45 million. Check Point Software Technologies had a return on equity of 38.80% and a net margin of 37.93%.The business's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm 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. Analysts predict that Check Point Software Technologies Ltd. will post 8.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHKP has been the topic of a number of recent research reports. Stifel Nicolaus lifted their target price on Check Point Software Technologies from $120.00 to $130.00 and gave the company a "hold" rating in a research report on Friday, July 31st. Royal Bank Of Canada reduced their price target on 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. Citigroup raised their price target on shares of Check Point Software Technologies from $125.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday. UBS Group lifted their price objective on shares of Check Point Software Technologies from $130.00 to $135.00 and gave the company a "neutral" rating in a report on Friday, July 31st. Finally, Stephens reissued an "overweight" rating and issued a $145.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $149.67.

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).

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