Junto Capital Management LP Purchases New Shares in Check Point Software Technologies Ltd. $CHKP

Key Points

• Junto Capital Management acquired 551,208 Check Point shares worth approximately $72.4 million, making up 1.3% of its portfolio and representing a 0.54% ownership stake. Institutional investors collectively own 98.51% of the company.
• Analyst sentiment remains mixed: Guggenheim upgraded the stock to “buy,” while several other firms maintained “neutral” or “hold” ratings. The consensus rating is “Hold”, with an average price target of $149.67.
• Check Point reported quarterly EPS of $2.55, beating estimates of $2.45, while revenue rose 1.3% year over year to $673.6 million. The stock opened at $135.06, and its chief revenue officer sold shares worth approximately $1.27 million under a pre-arranged trading plan.

Junto Capital Management LP acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 551,208 shares of the technology company's stock, valued at approximately $72,445,000. Check Point Software Technologies comprises 1.3% of Junto Capital Management LP's investment portfolio, making the stock its 27th biggest holding. Junto Capital Management LP owned 0.54% of Check Point Software Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Horizon Investments LLC lifted its holdings in shares of Check Point Software Technologies by 28.9% in the 3rd quarter. Horizon Investments LLC now owns 241 shares of the technology company's stock valued at $50,000 after acquiring an additional 54 shares during the last quarter. Transamerica Financial Advisors LLC increased its stake in Check Point Software Technologies by 9.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 745 shares of the technology company's stock worth $138,000 after acquiring an additional 64 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in Check Point Software Technologies by 42.7% during the second quarter. Elevation Wealth Partners LLC now owns 254 shares of the technology company's stock worth $33,000 after acquiring an additional 76 shares during the last quarter. Advisory Services Network LLC raised its position in Check Point Software Technologies by 1.5% during the fourth quarter. Advisory Services Network LLC now owns 5,109 shares of the technology company's stock valued at $948,000 after purchasing an additional 76 shares during the period. Finally, Parallel Advisors LLC raised its position in Check Point Software Technologies by 4.4% during the fourth quarter. Parallel Advisors LLC now owns 2,006 shares of the technology company's stock valued at $372,000 after purchasing an additional 84 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHKP. Guggenheim upgraded Check Point Software Technologies from a "neutral" rating to a "buy" rating and set a $188.00 target price for the company in a report on Wednesday, July 1st. The Goldman Sachs Group decreased their price target on Check Point Software Technologies from $168.00 to $150.00 and set a "neutral" rating on the stock in a report on Saturday, August 1st. JPMorgan Chase & Co. downgraded Check Point Software Technologies from an "overweight" rating to a "neutral" rating and set a $135.00 price target for the company. in a research report on Monday, July 27th. Stifel Nicolaus lifted their price objective on shares of Check Point Software Technologies from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Friday, July 31st. Finally, Bank of America boosted their price objective on shares of Check Point Software Technologies from $120.00 to $140.00 and gave the company a "neutral" rating in a research report on Monday, July 27th. Nine equities research analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the company's stock. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of "Hold" and a consensus price target of $149.67.

Insider Buying and Selling at Check Point Software Technologies

In other news, CRO Sherif Seddik sold 10,272 shares of Check Point Software Technologies stock in a transaction 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 directly owned 24,675 shares in the company, valued at approximately $3,049,583.25. This trade represents a 29.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 29.00% of the company's stock.

Check Point Software Technologies Trading Up 1.6%

CHKP opened at $135.06 on Thursday. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 3.80 and a beta of 0.50. The stock's 50 day moving average price is $132.59 and its 200-day moving average price is $135.79. Check Point Software Technologies Ltd. has a one year low of $112.23 and a one year high of $210.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.67 and a current ratio of 1.67.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $673.60 million during the quarter, compared to analyst estimates of $675.45 million. During the same period last year, the company earned $2.37 EPS. Check Point Software Technologies's quarterly revenue was up 1.3% compared to the same quarter last year. 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 forecast that Check Point Software Technologies Ltd. will post 8.46 EPS for the current year.

About Check Point Software Technologies

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).

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.