Check Point Software Technologies Ltd. $CHKP Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Check Point Software Technologies stake by 42.5% in the third quarter, selling 92,805 shares and retaining 125,391 shares valued at approximately $16.1 million.
• Institutional ownership remains very high at 98.51%, with several major investors—including Lazard, Bank of America and Sound Shore Management—adding to their positions.
• Check Point exceeded quarterly EPS expectations ($2.55 versus $2.45), while revenue rose 1.3% year over year. Analysts maintain a consensus “Hold” rating with an average price target of $149.48, compared with a recent share price of $137.87.

Assenagon Asset Management S.A. reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 42.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,391 shares of the technology company's stock after selling 92,805 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.12% of Check Point Software Technologies worth $16,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Lazard Asset Management LLC raised its stake in Check Point Software Technologies by 16.2% in the 1st quarter. Lazard Asset Management LLC now owns 809,115 shares of the technology company's stock valued at $115,582,000 after acquiring an additional 112,713 shares during the period. Bank of America Corp DE raised its position in shares of Check Point Software Technologies by 26.6% in the first quarter. Bank of America Corp DE now owns 808,428 shares of the technology company's stock valued at $115,484,000 after purchasing an additional 170,024 shares during the period. Pictet Asset Management Holding SA raised its position in shares of Check Point Software Technologies by 3.2% in the first quarter. Pictet Asset Management Holding SA now owns 763,045 shares of the technology company's stock valued at $108,970,000 after purchasing an additional 23,569 shares during the period. Junto Capital Management LP purchased a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at approximately $72,445,000. Finally, Sound Shore Management Inc. CT boosted its holdings in Check Point Software Technologies by 22.1% in the 1st quarter. Sound Shore Management Inc. CT now owns 518,529 shares of the technology company's stock worth $74,072,000 after buying an additional 93,945 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $137.87 on Monday. Check Point Software Technologies Ltd. has a 12-month low of $112.23 and a 12-month high of $210.66. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 3.94 and a beta of 0.48. 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 company's 50-day moving average price is $133.35 and its 200-day moving average price is $132.09.

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 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $675.45 million. During the same quarter in the previous year, the company earned $2.37 earnings per share. Check Point Software Technologies's revenue for the quarter was up 1.3% on a year-over-year basis. 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, equities analysts expect that Check Point Software Technologies Ltd. will post 8.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CRO Sherif Seddik sold 10,272 shares of the business's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $123.59, for a total transaction of $1,269,516.48. Following the completion of the transaction, the executive directly owned 24,675 shares in the company, valued at $3,049,583.25. The trade was a 29.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

CHKP has been the subject of a number of recent research reports. Mizuho lifted their price objective on shares of Check Point Software Technologies from $135.00 to $145.00 and gave the company a "neutral" rating in a research note on Thursday. Weiss Ratings raised shares of Check Point Software Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 7th. The Goldman Sachs Group dropped 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 report on Saturday, August 1st. Scotiabank upgraded Check Point Software Technologies from a "sector perform" rating to an "outperform" rating and set a $185.00 target price on the stock in a research report on Monday, July 6th. Finally, Roth Capital set a $105.00 price target on Check Point Software Technologies in a report on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. Based on data from MarketBeat, Check Point Software Technologies presently has a consensus rating of "Hold" and a consensus price target of $149.48.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. is a cybersecurity company that develops products and services designed to protect organizations, governments and consumers from cyber threats. Its offerings help secure networks, cloud environments, endpoints, mobile devices, data and remote access, with capabilities including threat prevention, firewall protection, intrusion prevention, email security and security management.

The company organizes its portfolio under platforms that include Quantum for network security, CloudGuard for cloud security and Harmony for user, endpoint and remote-access protection.

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