Sage Private Wealth Group LLC Acquires New Stake in Check Point Software Technologies Ltd. $CHKP

Sage Private Wealth Group LLC acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,830 shares of the technology company’s stock, valued at approximately $1,005,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Junto Capital Management LP purchased a new position in Check Point Software Technologies in the second quarter worth $72,445,000. Renaissance Technologies LLC purchased a new stake in shares of Check Point Software Technologies during the 1st quarter valued at $34,171,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at $25,752,000. Bank of America Corp DE lifted its holdings in shares of Check Point Software Technologies by 26.6% during the 1st quarter. Bank of America Corp DE now owns 808,428 shares of the technology company’s stock valued at $115,484,000 after purchasing an additional 170,024 shares during the last quarter. Finally, Mizuho Markets Americas LLC boosted its position in shares of Check Point Software Technologies by 633.4% in the 1st quarter. Mizuho Markets Americas LLC now owns 158,900 shares of the technology company’s stock worth $22,699,000 after purchasing an additional 137,235 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Insider Activity

In related news, CRO Sherif Seddik sold 10,272 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was 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 of the company’s stock, valued at $3,049,583.25. This represents a 29.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is currently owned by insiders.

Check Point Software Technologies Stock Up 1.8%

NASDAQ:CHKP opened at $143.43 on Thursday. The company has a market cap of $14.64 billion, a PE ratio of 13.53, a P/E/G ratio of 4.03 and a beta of 0.48. Check Point Software Technologies Ltd. has a twelve month low of $112.23 and a twelve month high of $210.66. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $134.02 and its two-hundred day moving average is $132.00.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.10. Check Point Software Technologies had a net margin of 37.93% and a return on equity of 38.80%. The business had revenue of $673.60 million for the quarter, compared to analyst estimates of $675.45 million. During the same quarter in the prior year, the business posted $2.37 EPS. Check Point Software Technologies’s revenue for the quarter was up 1.3% compared to the same quarter last year. 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 anticipate that Check Point Software Technologies Ltd. will post 8.45 EPS for the current year.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several research analyst reports. TD Cowen restated a “buy” rating on shares of Check Point Software Technologies in a research note on Thursday, July 30th. Bank of America upped their target price on Check Point Software Technologies from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Roth Capital set a $105.00 price target on Check Point Software Technologies in a research note on Friday, July 31st. Weiss Ratings upgraded Check Point Software Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Finally, Wedbush downgraded Check Point Software Technologies from an “outperform” rating to a “neutral” rating and set a $135.00 price target for the company. in a report on Thursday, September 10th. Nine investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $149.50.

Check Point Software Technologies Company Profile

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.