Check Point Software Technologies (NASDAQ:CHKP) Share Price Breaks Above 200-Day Moving Average - Time to Sell?

Key Points

• Check Point shares rose above their 200-day moving average, reaching $141.29 before trading near $136.29, compared with a 200-day average of $134.13.
• Analysts remain cautious overall: the stock has an average “Hold” rating from 27 analysts, despite eight Buy ratings, with a consensus price target of $148.74.
• The company beat quarterly EPS expectations, reporting $2.55 versus $2.45 anticipated, while revenue rose 1.3% year over year to $673.6 million; institutional investors own approximately 98.5% of the shares.

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $134.13 and traded as high as $141.29. Check Point Software Technologies shares last traded at $136.29, with a volume of 679,090 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CHKP shares. Barclays lowered their price target on 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. UBS Group raised their price objective on shares of Check Point Software Technologies from $130.00 to $135.00 and gave the stock a "neutral" rating in a report on Friday, July 31st. TD Cowen restated a "buy" rating on shares of Check Point Software Technologies in a research report on Thursday, July 30th. Roth Capital set a $105.00 target price on shares of Check Point Software Technologies in a report on Friday, July 31st. Finally, Wedbush lowered shares of Check Point Software Technologies from an "outperform" rating to a "neutral" rating and set a $135.00 price target on the stock. in a research note on Thursday, September 10th. Eight investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $148.74.

Check Point Software Technologies Stock Performance

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a 50 day simple moving average of $132.52 and a two-hundred day simple moving average of $134.13. The company has a market cap of $13.92 billion, a PE ratio of 13.95, a PEG ratio of 3.92 and a beta of 0.50.

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, topping analysts' consensus estimates of $2.45 by $0.10. The business had revenue of $673.60 million for the quarter, compared to analyst estimates of $675.45 million. Check Point Software Technologies had a net margin of 37.93% and a return on equity of 38.80%. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm posted $2.37 earnings per share. 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. Equities analysts predict that Check Point Software Technologies Ltd. will post 8.45 EPS for the current year.

Insider Transactions at Check Point Software Technologies

In other Check Point Software Technologies news, CRO Sherif Seddik sold 10,272 shares of Check Point Software Technologies stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $123.59, for a total value of $1,269,516.48. Following the transaction, the executive directly owned 24,675 shares in the company, valued at approximately $3,049,583.25. The trade was a 29.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.00% of the company's stock.

Institutional Investors Weigh In On Check Point Software Technologies

Several hedge funds have recently made changes to their positions in CHKP. Norges Bank purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $731,276,000. Altshuler Shaham Ltd raised its position in Check Point Software Technologies by 6,253,188.9% in the fourth quarter. Altshuler Shaham Ltd now owns 562,796 shares of the technology company's stock worth $104,432,000 after acquiring an additional 562,787 shares in the last quarter. Junto Capital Management LP acquired a new stake in Check Point Software Technologies in the second quarter valued at $72,445,000. Renaissance Technologies LLC acquired a new stake in Check Point Software Technologies in the first quarter valued at $34,171,000. Finally, Victory Capital Management Inc. boosted its position in shares of Check Point Software Technologies by 16.2% during the 4th quarter. Victory Capital Management Inc. now owns 1,684,756 shares of the technology company's stock worth $312,623,000 after purchasing an additional 234,539 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

About Check Point Software Technologies

Check Point Software Technologies Ltd. is a cybersecurity company that develops products and services designed to protect organizations, businesses and consumers from cyber threats. Its offerings address network, cloud, endpoint, mobile and data security, as well as security management and threat intelligence.

The company's portfolio includes network security gateways and firewalls, cloud security solutions, endpoint protection, secure remote access, mobile security and security operations tools.

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