Check Point Software Technologies Ltd. $CHKP Shares Sold by Ninety One North America Inc.

Key Points

• Ninety One North America reduced its Check Point stake by 6.2% in the third quarter, selling 12,444 shares and retaining 187,664 shares valued at approximately $24.1 million. Institutional investors collectively own 98.51% of the company.
• Analyst sentiment remains cautious: Check Point has a consensus “Hold” rating from 27 analysts, with an average price target of $149.48. Several firms recently lowered ratings or price targets.
• CHKP shares rose 2.6% to $137.59, while the company’s latest quarterly results beat EPS estimates ($2.55 versus $2.45) despite revenue of $673.6 million falling slightly short of expectations.

Ninety One North America Inc. lessened its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,664 shares of the technology company's stock after selling 12,444 shares during the quarter. Check Point Software Technologies makes up approximately 1.2% of Ninety One North America Inc.'s holdings, making the stock its 29th largest holding. Ninety One North America Inc. owned 0.18% of Check Point Software Technologies worth $24,087,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd increased its stake in Check Point Software Technologies by 6,253,188.9% during the fourth quarter. Altshuler Shaham Ltd now owns 562,796 shares of the technology company's stock worth $104,432,000 after acquiring an additional 562,787 shares during the last quarter. Junto Capital Management LP purchased a new stake in Check Point Software Technologies during the second quarter worth approximately $72,445,000. Renaissance Technologies LLC acquired a new stake in shares of Check Point Software Technologies in the first quarter worth $34,171,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Check Point Software Technologies in the second quarter worth $25,752,000. Finally, Bank of America Corp DE increased 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 worth $115,484,000 after acquiring an additional 170,024 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHKP. Wells Fargo & Company reduced their target price on shares of Check Point Software Technologies from $140.00 to $130.00 and set an "equal weight" rating on the stock in a report on Friday, July 31st. Wedbush cut shares of Check Point Software Technologies from an "outperform" rating to a "neutral" rating and set a $135.00 price target for the company. in a research report on Thursday, September 10th. Stifel Nicolaus increased their price target on Check Point Software Technologies from $120.00 to $130.00 and gave the company a "hold" rating in a report on Friday, July 31st. JPMorgan Chase & Co. lowered Check Point Software Technologies from an "overweight" rating to a "neutral" rating and set a $135.00 price objective on the stock. in a research report on Monday, July 27th. Finally, Barclays cut their price objective on Check Point Software Technologies from $145.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Friday, July 31st. Eight analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $149.48.

Check Point Software Technologies Stock Up 2.6%

CHKP stock traded up $3.51 during trading on Thursday, reaching $137.59. The stock had a trading volume of 362,713 shares, compared to its average volume of 1,317,512. 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 company has a market capitalization of $14.05 billion, a P/E ratio of 14.08, a PEG ratio of 3.86 and a beta of 0.48. The firm has a fifty day moving average price of $132.89 and a 200 day moving average price of $132.12.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.10. Check Point Software Technologies had a return on equity of 38.80% and a net margin of 37.93%. The company had revenue of $673.60 million during the quarter, compared to the consensus estimate of $675.45 million. During the same period last year, the firm earned $2.37 earnings per share. The company's revenue 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 anticipate that Check Point Software Technologies Ltd. will post 8.45 earnings per share for the current year.

Insiders Place Their Bets

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

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. is a cybersecurity company that develops solutions designed to protect networks, cloud environments, endpoints, mobile devices, and email systems from cyber threats. Its offerings help organizations prevent malware, ransomware, phishing, unauthorized access, and other security risks across increasingly distributed information technology environments.

The company's product portfolio includes network security appliances and software, cloud security platforms, endpoint protection, mobile security, email and collaboration security, security management tools, and threat intelligence services.

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