Engineers Gate Manager LP Has $1.61 Million Position in Check Point Software Technologies Ltd. $CHKP

Key Points

• Engineers Gate Manager LP cut its Check Point Software Technologies position by 42.8% in the second quarter, selling 9,172 shares and retaining 12,253 shares valued at approximately $1.61 million.
• Institutional investors and hedge funds own 98.51% of Check Point’s shares, with several major firms—including Norges Bank and Victory Capital Management—holding or increasing sizable positions.
• Analysts have a consensus “Hold” rating and an average price target of $148.74. Check Point recently exceeded quarterly EPS expectations, reporting $2.55 versus the $2.45 consensus, while revenue rose 1.3% year over year.

Engineers Gate Manager LP lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 42.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,253 shares of the technology company's stock after selling 9,172 shares during the quarter. Engineers Gate Manager LP's holdings in Check Point Software Technologies were worth $1,610,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in Check Point Software Technologies during the 4th quarter worth approximately $731,276,000. Victory Capital Management Inc. raised its holdings in shares of Check Point Software Technologies by 16.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,684,756 shares of the technology company's stock valued at $312,623,000 after purchasing an additional 234,539 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Check Point Software Technologies by 4.7% during the fourth 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 in the last quarter. Clearbridge Investments LLC lifted its position in shares of Check Point Software Technologies by 1.7% during the fourth quarter. Clearbridge Investments LLC now owns 987,465 shares of the technology company's stock valued at $183,234,000 after purchasing an additional 16,423 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Check Point Software Technologies by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 888,696 shares of the technology company's stock worth $164,031,000 after purchasing an additional 14,668 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CHKP. Susquehanna boosted their target price on Check Point Software Technologies from $140.00 to $150.00 and gave the stock a "positive" rating in a research note on Friday, July 31st. Wedbush lowered Check Point Software Technologies from an "outperform" rating to a "neutral" rating and set a $135.00 price target on the stock. in a report on Thursday, September 10th. Bank of America boosted their price objective on Check Point Software Technologies from $120.00 to $140.00 and gave the stock a "neutral" rating in a research report on Monday, July 27th. Weiss Ratings upgraded Check Point Software Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 7th. Finally, Stifel Nicolaus raised their target price on Check Point Software Technologies from $120.00 to $130.00 and gave the company a "hold" rating in a research report on Friday, July 31st. Eight investment analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has an average rating of "Hold" and an average price target of $148.74.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $137.69 on Thursday. The business's 50 day simple moving average is $132.36 and its 200 day simple moving average is $135.10. 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 $14.06 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 3.94 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 posted its quarterly earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.10. The company had revenue of $673.60 million during the quarter, compared to the consensus estimate of $675.45 million. Check Point Software Technologies had a return on equity of 38.80% and a net margin of 37.93%.The firm's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.37 EPS. 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.

Insider Activity at Check Point Software Technologies

In other Check Point Software Technologies 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 sale, the executive owned 24,675 shares of the company's stock, valued at $3,049,583.25. The trade was a 29.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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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