Robertson Stephens Wealth Management LLC Buys 14,648 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Robertson Stephens Wealth Management increased its Check Point Software Technologies stake by 180.4%, purchasing 14,648 shares and bringing its holdings to 22,769 shares valued at approximately $2.92 million. Institutional investors collectively own 98.51% of the stock.
• Analyst sentiment remains mixed: eight analysts rate CHKP a Buy and 19 rate it Hold, resulting in a consensus Hold rating and an average price target of $149.48.
• Check Point reported quarterly EPS of $2.55, beating expectations of $2.45, while revenue rose 1.3% year over year to $673.6 million. Separately, Chief Revenue Officer Sherif Seddik sold 10,272 shares under a pre-arranged trading plan.

Robertson Stephens Wealth Management LLC increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 180.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,769 shares of the technology company's stock after buying an additional 14,648 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Check Point Software Technologies were worth $2,922,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. MV Capital Management Inc. purchased a new position in shares of Check Point Software Technologies during the 4th quarter worth about $28,000. JNBA Financial Advisors raised its position in Check Point Software Technologies by 90.0% in the 2nd quarter. JNBA Financial Advisors now owns 190 shares of the technology company's stock worth $25,000 after purchasing an additional 90 shares during the period. Ascentis Independent Advisors purchased a new stake in Check Point Software Technologies in the 1st quarter worth about $30,000. Western Wealth Management LLC purchased a new stake in Check Point Software Technologies in the 1st quarter worth about $33,000. Finally, Oslo Pensjonsforsikring AS bought a new stake in Check Point Software Technologies in the first quarter worth about $36,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Susquehanna boosted their target price on Check Point Software Technologies from $140.00 to $150.00 and gave the company a "positive" rating in a research report on Friday, July 31st. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $150.00 target price on shares of Check Point Software Technologies in a research note on Thursday, July 23rd. The Goldman Sachs Group reduced 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. Weiss Ratings raised Check Point Software Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, August 7th. Finally, TD Cowen reissued a "buy" rating on shares of Check Point Software Technologies in a research note on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company. According to MarketBeat.com, Check Point Software Technologies presently has a consensus rating of "Hold" and an average price target of $149.48.

Insider Buying and Selling at Check Point Software Technologies

In related news, CRO Sherif Seddik sold 10,272 shares of the firm's stock in a transaction dated 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 sale, the executive owned 24,675 shares of the company's stock, 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 is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is owned by company insiders.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $137.87 on Monday. The firm has a 50 day moving average of $133.35 and a 200 day moving average of $132.09. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 3.94 and a beta of 0.48. Check Point Software Technologies Ltd. has a 52 week low of $112.23 and a 52 week high of $210.66.

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 (EPS) 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 business had revenue of $673.60 million for the quarter, compared to analysts' expectations of $675.45 million. During the same quarter last year, the firm earned $2.37 EPS. The business'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, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.45 earnings per share for the current fiscal year.

About Check Point Software Technologies

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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