Strive Financial Group LLC Sells 7,712 Shares of Check Point Software Technologies Ltd. $CHKP

Key Points

• Strive Financial Group LLC cut its Check Point Software Technologies position by 84.9% in the second quarter, selling 7,712 shares and retaining 1,367 shares valued at approximately $180,000.
• Analyst sentiment remains mixed: nine analysts rate the stock a Buy and 18 recommend Hold, resulting in a consensus Hold rating and an average price target of $149.67.
• Check Point reported quarterly earnings of $2.55 per share, beating estimates of $2.45, while revenue rose 1.3% year over year to $673.6 million, slightly below expectations.

Strive Financial Group LLC reduced its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 84.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,367 shares of the technology company's stock after selling 7,712 shares during the quarter. Strive Financial Group LLC's holdings in Check Point Software Technologies were worth $180,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Check Point Software Technologies during the third quarter worth approximately $27,000. Abound Financial LLC bought a new position in Check Point Software Technologies during the fourth quarter worth $27,000. MV Capital Management Inc. acquired a new position in Check Point Software Technologies during the 4th quarter valued at $28,000. Ossiam boosted its holdings in Check Point Software Technologies by 139.1% in the 3rd quarter. Ossiam now owns 165 shares of the technology company's stock valued at $34,000 after purchasing an additional 96 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in Check Point Software Technologies in the 3rd quarter worth $38,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Compass Point set a $135.00 target price on shares of Check Point Software Technologies in a research note on Monday, July 27th. Susquehanna boosted their price target on Check Point Software Technologies from $140.00 to $150.00 and gave the company a "positive" rating in a research note on Friday, July 31st. Citigroup raised their price objective on Check Point Software Technologies from $125.00 to $130.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Scotiabank raised Check Point Software Technologies from a "sector perform" rating to an "outperform" rating and set a $185.00 price objective on the stock in a report on Monday, July 6th. Finally, Wells Fargo & Company lowered their price objective on Check Point Software Technologies from $140.00 to $130.00 and set an "equal weight" rating on the stock in a research report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of "Hold" and an average target price of $149.67.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $137.05 on Friday. 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 quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $13.99 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 3.92 and a beta of 0.50. The firm has a 50-day moving average price of $132.38 and a 200 day moving average price of $136.62.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The technology company reported $2.55 earnings per share for the quarter, beating 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 company had revenue of $673.60 million for the quarter, compared to the consensus estimate of $675.45 million. During the same period in the previous year, the business earned $2.37 earnings per share. The company's quarterly 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. Research analysts anticipate that Check Point Software Technologies Ltd. will post 8.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Check Point Software Technologies news, CRO Sherif Seddik sold 10,272 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $123.59, for a total value of $1,269,516.48. Following the sale, the executive directly owned 24,675 shares in the company, valued at $3,049,583.25. This represents a 29.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is currently owned by corporate insiders.

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).

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