Check Point Software Technologies Ltd. $CHKP Holdings Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 85.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 218,196 shares of the technology company's stock after purchasing an additional 100,605 shares during the period. Assenagon Asset Management S.A. owned about 0.21% of Check Point Software Technologies worth $28,678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new stake in Check Point Software Technologies in the third quarter valued at approximately $27,000. Abound Financial LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $27,000. MV Capital Management Inc. acquired a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $28,000. Ossiam boosted its stake in shares of Check Point Software Technologies by 139.1% during the 3rd quarter. Ossiam now owns 165 shares of the technology company's stock worth $34,000 after acquiring an additional 96 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of Check Point Software Technologies during the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Performance

CHKP opened at $127.82 on Monday. 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 current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.72. The stock's 50 day simple moving average is $130.42 and its 200-day simple moving average is $142.74. The stock has a market cap of $13.05 billion, a PE ratio of 13.08, a P/E/G ratio of 4.75 and a beta of 0.49.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.45 by $0.10. The company had revenue of $673.60 million during the quarter, compared to analysts' expectations 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 revenue was up 1.3% on a year-over-year basis. During the same period last year, the business earned $2.37 earnings per share. 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. Sell-side analysts forecast that Check Point Software Technologies Ltd. will post 8.46 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Raymond James Financial downgraded Check Point Software Technologies from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 15th. Compass Point set a $135.00 price objective on shares of Check Point Software Technologies in a report on Monday, July 27th. Stifel Nicolaus boosted their target price on shares of Check Point Software Technologies from $120.00 to $130.00 and gave the stock a "hold" rating in a research report on Friday, July 31st. Susquehanna upped their price target on shares of Check Point Software Technologies from $140.00 to $150.00 and gave the company a "positive" rating in a report on Friday, July 31st. Finally, Mizuho set a $135.00 price target on Check Point Software Technologies in a research report on Friday, May 1st. Nine research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $149.67.

Insiders Place Their Bets

In related news, CRO Sherif Seddik sold 10,272 shares of Check Point Software Technologies stock in a transaction dated 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 completion of the sale, the executive directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Yoav Chelouche sold 25,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $562,242.24. The trade was a 86.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 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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