Check Point Software Technologies Ltd. $CHKP Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lessened its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 16.0% in the 1st quarter, Holdings Channel reports. The fund owned 29,562 shares of the technology company’s stock after selling 5,610 shares during the period. The Manufacturers Life Insurance Company’s holdings in Check Point Software Technologies were worth $4,223,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth about $731,276,000. Massachusetts Financial Services Co. MA boosted its holdings in Check Point Software Technologies by 28.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,937,229 shares of the technology company’s stock valued at $1,472,832,000 after purchasing an additional 1,766,774 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Check Point Software Technologies by 26,561.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,233,899 shares of the technology company’s stock worth $228,962,000 after purchasing an additional 1,229,271 shares during the period. DNB Asset Management AS increased its position in Check Point Software Technologies by 105.0% during the 4th quarter. DNB Asset Management AS now owns 1,820,339 shares of the technology company’s stock worth $337,782,000 after purchasing an additional 932,485 shares during the period. Finally, Altshuler Shaham Ltd raised its stake in shares of Check Point Software Technologies by 6,253,188.9% during the 4th quarter. Altshuler Shaham Ltd now owns 562,796 shares of the technology company’s stock worth $104,432,000 after buying an additional 562,787 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 0.1%

Check Point Software Technologies stock opened at $125.28 on Friday. Check Point Software Technologies Ltd. has a fifty-two week low of $112.23 and a fifty-two week high of $210.66. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 4.66 and a beta of 0.49. The stock’s fifty day moving average is $130.57 and its two-hundred day moving average is $143.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.67 and a current ratio of 1.67.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $675.45 million. During the same quarter in the previous year, the company posted $2.37 EPS. The business’s 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. Analysts predict that Check Point Software Technologies Ltd. will post 8.46 EPS for the current fiscal year.

Insider Activity

In other news, Director Yoav Chelouche sold 25,000 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 4,008 shares in the company, valued at $562,242.24. This represents a 86.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 that occurred on 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 transaction, the executive directly owned 24,675 shares of the company’s stock, valued at approximately $3,049,583.25. This trade represents a 29.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 29.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Stifel Nicolaus raised their price target on Check Point Software Technologies from $120.00 to $130.00 and gave the company a “hold” rating in a report on Friday, July 31st. Roth Capital set a $105.00 price objective on Check Point Software Technologies in a report on Friday, July 31st. Wedbush reduced their target price on Check Point Software Technologies from $210.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Stephens restated an “overweight” rating and set a $145.00 target price on shares of Check Point Software Technologies in a research report on Thursday, April 30th. Finally, Scotiabank raised shares of Check Point Software Technologies from a “sector perform” rating to an “outperform” rating and set a $185.00 price target on the stock in a research note on Monday, July 6th. Nine research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $149.67.

Check Point Software Technologies 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).