Check Point Software Technologies Ltd. $CHKP Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,389 shares of the technology company's stock after selling 6,701 shares during the period. California State Teachers Retirement System owned 0.09% of Check Point Software Technologies worth $12,142,686 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Check Point Software Technologies in the fourth quarter worth about $731,276,000. DNB Asset Management AS grew its holdings 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 in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Check Point Software Technologies by 16.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,684,756 shares of the technology company's stock worth $312,623,000 after buying an additional 234,539 shares during the period. Legal & General Group Plc increased its stake in shares of Check Point Software Technologies by 4.7% in the 4th quarter. Legal & General Group Plc now owns 1,426,081 shares of the technology company's stock valued at $264,624,000 after purchasing an additional 63,933 shares during the last quarter. Finally, WGI DM LLC lifted its position in shares of Check Point Software Technologies by 1.2% in the 4th quarter. WGI DM LLC now owns 1,321,075 shares of the technology company's stock worth $245,139,000 after purchasing an additional 16,145 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several recent research reports. The Goldman Sachs Group reduced their price objective on Check Point Software Technologies from $168.00 to $150.00 and set a "neutral" rating on the stock in a research report on Saturday, August 1st. Citigroup upped their price target on shares of Check Point Software Technologies from $125.00 to $130.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Check Point Software Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 7th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $150.00 price target on shares of Check Point Software Technologies in a research note on Thursday, July 23rd. Finally, TD Cowen reaffirmed a "buy" rating on shares of Check Point Software Technologies in a research report on Thursday, July 30th. Eight research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $148.74.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock traded down $0.44 during midday trading on Tuesday, reaching $138.05. The company's stock had a trading volume of 935,605 shares, compared to its average volume of 1,355,448. Check Point Software Technologies Ltd. has a 52 week low of $112.23 and a 52 week high of $210.66. The business has a 50-day moving average price of $132.37 and a 200-day moving average price of $135.32. The stock has a market cap of $14.10 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 3.76 and a beta of 0.50. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.72.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The technology company reported $2.55 EPS for the quarter, beating analysts' consensus estimates of $2.45 by $0.10. Check Point Software Technologies had a net margin of 37.93% and a return on equity of 38.80%. The company had revenue of $673.60 million for the quarter, compared to analysts' expectations of $675.45 million. During the same period in the prior year, the company posted $2.37 EPS. Check Point Software Technologies's revenue was up 1.3% compared to the same quarter last year. 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. On average, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.46 EPS for the current year.

Insider Buying and Selling

In other news, CRO Sherif Seddik sold 10,272 shares of Check Point Software Technologies stock in a transaction that occurred on Tuesday, August 4th. The stock was 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 $3,049,583.25. The trade was a 29.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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 Company Profile

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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