Check Point Software Technologies (NASDAQ:CHKP) Upgraded by Scotiabank to Outperform Rating

Check Point Software Technologies (NASDAQ:CHKP) was upgraded by equities researchers at Scotiabank from a “sector perform” rating to an “outperform” rating in a research note issued on Monday, Marketbeat Ratings reports. The brokerage currently has a $185.00 price objective on the technology company’s stock. Scotiabank’s price target indicates a potential upside of 35.45% from the stock’s previous close.

CHKP has been the topic of a number of other research reports. Stephens reissued an “overweight” rating and set a $145.00 price objective on shares of Check Point Software Technologies in a report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating and set a $160.00 price target on shares of Check Point Software Technologies in a research report on Friday, May 1st. UBS Group cut their price objective on shares of Check Point Software Technologies from $170.00 to $130.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Royal Bank Of Canada reduced their price objective on shares of Check Point Software Technologies from $157.00 to $135.00 and set a “sector perform” rating for the company in a research note on Friday, May 1st. Finally, Citigroup decreased their target price on shares of Check Point Software Technologies from $190.00 to $125.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Ten equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $150.26.

Check Point Software Technologies Price Performance

CHKP opened at $136.58 on Monday. Check Point Software Technologies has a 12 month low of $112.23 and a 12 month high of $232.07. The company has a market cap of $14.42 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 4.03 and a beta of 0.49. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.70. The company has a 50 day moving average of $127.53 and a 200 day moving average of $152.52.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Thursday, April 30th. The technology company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.08. Check Point Software Technologies had a return on equity of 38.79% and a net margin of 38.37%.The firm had revenue of $668.40 million for the quarter, compared to the consensus estimate of $672.55 million. During the same quarter in the prior year, the business posted $2.21 earnings per share. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Check Point Software Technologies has set its FY 2026 guidance at 10.050-10.850 EPS and its Q2 2026 guidance at 2.400-2.500 EPS. On average, sell-side analysts expect that Check Point Software Technologies will post 8.46 EPS for the current year.

Insider Buying and Selling at Check Point Software Technologies

In related news, Director Yoav Chelouche sold 25,000 shares of the firm’s 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 of the company’s stock, valued at $562,242.24. This trade represents a 86.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 29.00% of the company’s stock.

Hedge Funds Weigh In On Check Point Software Technologies

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

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).