California State Teachers Retirement System Grows Stock Position in Check Point Software Technologies Ltd. $CHKP

California State Teachers Retirement System lifted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 12,154.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 12,142,686 shares of the technology company's stock after acquiring an additional 12,043,596 shares during the period. California State Teachers Retirement System owned approximately 11.89% of Check Point Software Technologies worth $1,595,913,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Horizon Investments LLC lifted its position in Check Point Software Technologies by 28.9% during the 3rd quarter. Horizon Investments LLC now owns 241 shares of the technology company's stock worth $50,000 after acquiring an additional 54 shares during the period. Transamerica Financial Advisors LLC increased its holdings in 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 worth $138,000 after buying an additional 64 shares during the period. Elevation Wealth Partners LLC raised its position in Check Point Software Technologies by 42.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 254 shares of the technology company's stock worth $33,000 after buying an additional 76 shares during the last quarter. Advisory Services Network LLC raised its position in Check Point Software Technologies by 1.5% during the 4th quarter. Advisory Services Network LLC now owns 5,109 shares of the technology company's stock worth $948,000 after buying an additional 76 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in Check Point Software Technologies by 4.4% during the 4th quarter. Parallel Advisors LLC now owns 2,006 shares of the technology company's stock valued at $372,000 after acquiring an additional 84 shares during the period. Institutional investors and hedge funds own 98.51% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CHKP. Susquehanna raised their target price on shares of Check Point Software Technologies from $140.00 to $150.00 and gave the stock a "positive" rating in a report on Friday, July 31st. Wedbush downgraded Check Point Software Technologies from an "outperform" rating to a "neutral" rating and set a $135.00 price target on the stock. in a research report on Thursday. Raymond James Financial lowered Check Point Software Technologies from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 15th. The Goldman Sachs Group lowered their target price on Check Point Software Technologies from $168.00 to $150.00 and set a "neutral" rating on the stock in a research note on Saturday, August 1st. Finally, Compass Point set a $135.00 price target on Check Point Software Technologies in a research report on Monday, July 27th. Eight investment analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $148.74.

Insider Activity

In other news, CRO Sherif Seddik sold 10,272 shares of the business's stock in a transaction that occurred 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 sale, the executive directly owned 24,675 shares of the company's stock, valued at approximately $3,049,583.25. The trade was a 29.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 29.00% of the company's stock.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $131.64 on Friday. The company's 50-day moving average is $132.37 and its two-hundred day moving average is $135.56. Check Point Software Technologies Ltd. has a 1-year low of $112.23 and a 1-year high of $210.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a market capitalization of $13.44 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 3.73 and a beta of 0.50.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $2.55 EPS for the quarter, beating 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 net margin of 37.93% and a return on equity of 38.80%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company 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 forecast that Check Point Software Technologies Ltd. will post 8.46 EPS for the current year.

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.

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