Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) insider Nataly Kremer sold 3,185 shares of the firm's stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $150.08, for a total value of $478,004.80. Following the completion of the sale, the insider directly owned 19,347 shares of the company's stock, valued at approximately $2,903,597.76. The trade was a 14.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Check Point Software Technologies Price Performance
Shares of CHKP stock traded up $0.60 during trading hours on Monday, reaching $159.63. The company's stock had a trading volume of 1,613,563 shares, compared to its average volume of 1,332,538. The firm's 50 day simple moving average is $134.92 and its 200-day simple moving average is $132.10. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 4.55 and a beta of 0.48. Check Point Software Technologies Ltd. has a fifty-two week low of $112.23 and a fifty-two week 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.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share 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 business had revenue of $673.60 million during the quarter, compared to the consensus estimate of $675.45 million. During the same period in the previous year, the company posted $2.37 earnings per share. The firm'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. Sell-side analysts forecast that Check Point Software Technologies Ltd. will post 8.45 earnings per share for the current year.
Institutional Trading of Check Point Software Technologies
A number of institutional investors have recently made changes to their positions in the business. JNBA Financial Advisors boosted its position in Check Point Software Technologies by 90.0% during the second quarter. JNBA Financial Advisors now owns 190 shares of the technology company's stock worth $25,000 after purchasing an additional 90 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Check Point Software Technologies in the first quarter valued at approximately $30,000. Elevation Wealth Partners LLC raised its stake in shares of 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 worth $33,000 after buying an additional 76 shares during the period. Western Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the 1st quarter worth approximately $33,000. Finally, Oslo Pensjonsforsikring AS acquired a new position in shares of Check Point Software Technologies during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 98.51% of the company's stock.
Analyst Ratings Changes
CHKP has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered 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. Barclays cut their price objective on shares of Check Point Software Technologies from $145.00 to $140.00 and set an "equal weight" rating for the company in a report on Friday, July 31st. Wells Fargo & Company reduced their price objective on shares of 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. Cantor Fitzgerald reissued a "neutral" rating and issued a $150.00 target price on shares of Check Point Software Technologies in a report on Monday. Finally, Compass Point set a $135.00 target price on shares of Check Point Software Technologies in a research report on Monday, July 27th. Nine analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company's stock. According to MarketBeat, Check Point Software Technologies currently has a consensus rating of "Hold" and an average target price of $149.50.
Read Our Latest Research Report on CHKP
Check Point Software Technologies Company Profile
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Get Free Report)
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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