Employees Retirement System of Texas Reduces Stock Position in Check Point Software Technologies Ltd. $CHKP

Employees Retirement System of Texas trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 20.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 17,883 shares of the technology company’s stock after selling 4,499 shares during the quarter. Employees Retirement System of Texas’ holdings in Check Point Software Technologies were worth $3,318,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. HUB Investment Partners LLC raised its position in shares of Check Point Software Technologies by 1.5% during the 3rd quarter. HUB Investment Partners LLC now owns 3,558 shares of the technology company’s stock valued at $736,000 after buying an additional 53 shares in the last quarter. Modern Wealth Management LLC raised its position in Check Point Software Technologies by 3.6% during the third quarter. Modern Wealth Management LLC now owns 1,513 shares of the technology company’s stock valued at $313,000 after purchasing an additional 53 shares during the period. Horizon Investments LLC raised its position in Check Point Software Technologies by 28.9% during the third quarter. Horizon Investments LLC now owns 241 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the period. Pinnacle West Asset Management Inc. raised its position in Check Point Software Technologies by 4.6% during the third quarter. Pinnacle West Asset Management Inc. now owns 1,255 shares of the technology company’s stock valued at $260,000 after purchasing an additional 55 shares during the period. Finally, Howe & Rusling Inc. raised its position in Check Point Software Technologies by 4.3% during the third quarter. Howe & Rusling Inc. now owns 1,434 shares of the technology company’s stock valued at $297,000 after purchasing an additional 59 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 1.8%

Shares of NASDAQ:CHKP opened at $128.71 on Thursday. Check Point Software Technologies Ltd. has a 1 year low of $112.23 and a 1 year high of $233.78. The business has a 50 day simple moving average of $135.56 and a two-hundred day simple moving average of $164.53. The firm has a market capitalization of $13.59 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 3.86 and a beta of 0.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.85 and a quick ratio of 1.85.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, April 30th. The technology company reported $2.50 earnings per share (EPS) for the quarter, beating 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 business had revenue of $668.40 million during the quarter, compared to analyst estimates of $672.55 million. During the same quarter in the previous year, the business earned $2.21 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. 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, equities analysts predict that Check Point Software Technologies Ltd. will post 8.47 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CHKP. Wells Fargo & Company decreased their price objective on Check Point Software Technologies from $165.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, May 1st. Wedbush decreased their price objective on Check Point Software Technologies from $210.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Citigroup decreased their price objective on Check Point Software Technologies from $190.00 to $125.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Royal Bank Of Canada decreased their price objective on Check Point Software Technologies from $157.00 to $135.00 and set a “sector perform” rating on the stock in a research report on Friday, May 1st. Finally, Stephens restated an “overweight” rating and set a $145.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $146.50.

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).