Cannell & Spears LLC Takes $22.29 Million Position in Check Point Software Technologies Ltd. $CHKP

Key Points

• Cannell & Spears LLC acquired 107,726 shares of Check Point Software Technologies in Q3, a new stake valued at about $22.29 million, representing roughly 0.10% of the company.
• Major institutional moves include Norges Bank opening a roughly $714.8 million stake and Massachusetts Financial Services increasing its position to 6.17 million shares (~$1.28 billion); institutional investors own about 98.51% of CHKP.
• Analysts' consensus is an average Hold rating with a $212.40 price target, while the stock trades near $153.65 after a quarterly EPS beat ($3.40 vs. $2.77) and FY2026 guidance of 10.05–10.85 EPS.

Cannell & Spears LLC acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 107,726 shares of the technology company's stock, valued at approximately $22,290,000. Cannell & Spears LLC owned approximately 0.10% of Check Point Software Technologies as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Check Point Software Technologies in the second quarter valued at about $714,801,000. Massachusetts Financial Services Co. MA increased its position in Check Point Software Technologies by 27.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,455 shares of the technology company's stock valued at $1,276,729,000 after purchasing an additional 1,317,167 shares during the period. Schroder Investment Management Group raised its holdings in Check Point Software Technologies by 2,413.2% during the 2nd quarter. Schroder Investment Management Group now owns 628,858 shares of the technology company's stock worth $139,135,000 after purchasing an additional 603,836 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Check Point Software Technologies by 31.4% in the 3rd quarter. First Trust Advisors LP now owns 2,497,275 shares of the technology company's stock worth $516,711,000 after purchasing an additional 597,413 shares during the period. Finally, Capital World Investors acquired a new position in shares of Check Point Software Technologies in the 3rd quarter worth approximately $80,084,000. Institutional investors own 98.51% of the company's stock.

Wall Street Analyst Weigh In

CHKP has been the subject of several recent analyst reports. Argus upgraded shares of Check Point Software Technologies to a "hold" rating in a research report on Thursday, February 26th. Mizuho dropped their target price on shares of Check Point Software Technologies from $225.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday, February 13th. Wedbush cut their price target on shares of Check Point Software Technologies from $240.00 to $210.00 and set an "outperform" rating on the stock in a research report on Friday, February 13th. Robert W. Baird set a $220.00 price target on Check Point Software Technologies in a report on Friday, February 13th. Finally, Royal Bank Of Canada dropped their price objective on Check Point Software Technologies from $215.00 to $195.00 and set a "sector perform" rating on the stock in a research note on Monday, January 5th. Nine research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $212.40.

Check Point Software Technologies Trading Down 1.4%

Shares of Check Point Software Technologies stock opened at $153.65 on Friday. The stock has a market capitalization of $16.90 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 3.40 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52 week low of $150.17 and a 52 week high of $234.35. The stock has a 50 day moving average price of $172.38 and a two-hundred day moving average price of $186.44. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.19 and a current ratio of 2.05.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Thursday, February 12th. The technology company reported $3.40 earnings per share for the quarter, topping analysts' consensus estimates of $2.77 by $0.63. Check Point Software Technologies had a return on equity of 38.98% and a net margin of 38.78%.The company had revenue of $744.90 million for the quarter, compared to analyst estimates of $746.40 million. During the same period in the prior year, the firm earned $2.70 earnings per share. Check Point Software Technologies's revenue for the quarter was up 5.9% on a year-over-year basis. Check Point Software Technologies has set its Q1 2026 guidance at 2.350-2.450 EPS and its FY 2026 guidance at 10.050-10.850 EPS. As a group, equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

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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