Westport Asset Management Inc. Invests $4.25 Million in Check Point Software Technologies Ltd. $CHKP

Key Points

• Westport Asset Management acquired 32,300 Check Point shares worth approximately $4.25 million, making the cybersecurity company its 20th-largest portfolio holding. Institutional investors collectively own 98.51% of CHKP.
• Analyst sentiment remains mixed: nine analysts rate CHKP a Buy and 19 rate it a Hold, resulting in a consensus Hold rating and an average price target of $149.67.
• Check Point exceeded quarterly earnings expectations, reporting $2.55 in EPS versus the $2.45 consensus estimate, while revenue rose 1.3% year over year to $673.6 million. The stock opened at $132.35 and trades well below its 12-month high of $210.66.

Westport Asset Management Inc. acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 32,300 shares of the technology company's stock, valued at approximately $4,245,000. Check Point Software Technologies makes up approximately 1.7% of Westport Asset Management Inc.'s investment portfolio, making the stock its 20th largest position.

Several other institutional investors and hedge funds also recently made changes to their positions in CHKP. Abound Financial LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter valued at about $27,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at about $27,000. MV Capital Management Inc. bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $28,000. Ascentis Independent Advisors purchased a new stake in Check Point Software Technologies during the 1st quarter valued at about $30,000. Finally, Elevation Wealth Partners LLC boosted its holdings in Check Point Software Technologies by 42.7% during the 2nd quarter. Elevation Wealth Partners LLC now owns 254 shares of the technology company's stock valued at $33,000 after acquiring an additional 76 shares during the period. Institutional investors own 98.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CHKP shares. Truist Financial set a $150.00 price target on Check Point Software Technologies in a research note on Thursday, April 30th. Stifel Nicolaus increased their price objective on Check Point Software Technologies from $120.00 to $130.00 and gave the company a "hold" rating in a research note on Friday, July 31st. Weiss Ratings upgraded shares of Check Point Software Technologies from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 7th. Scotiabank raised shares of Check Point Software Technologies from a "sector perform" rating to an "outperform" rating and set a $185.00 target price on the stock in a research note on Monday, July 6th. Finally, Roth Capital set a $105.00 price target on shares of Check Point Software Technologies in a report on Friday, July 31st. Nine analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $149.67.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $132.35 on Thursday. 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's fifty day simple moving average is $129.94 and its 200 day simple moving average is $139.97. The stock has a market cap of $13.51 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 4.84 and a beta of 0.49. Check Point Software Technologies Ltd. has a twelve month low of $112.23 and a twelve month high of $210.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The technology company reported $2.55 EPS for the quarter, topping the consensus estimate of $2.45 by $0.10. Check Point Software Technologies had a net margin of 37.93% and a return on equity of 38.80%. The business had revenue of $673.60 million during the quarter, compared to analyst estimates of $675.45 million. During the same period in the prior year, the business earned $2.37 EPS. The company'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. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 8.46 EPS for the current year.

Insider Transactions at Check Point Software Technologies

In related news, Director Yoav Chelouche sold 25,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $140.28, for a total value of $3,507,000.00. Following the completion of the transaction, the director directly owned 4,008 shares of the company's stock, valued at $562,242.24. This represents a 86.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is owned by corporate insiders.

Check Point Software Technologies Company Profile

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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