Truist Financial Corp Has $9.56 Million Stock Position in Check Point Software Technologies Ltd. $CHKP

Truist Financial Corp raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 18.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 51,536 shares of the technology company’s stock after acquiring an additional 8,053 shares during the period. Truist Financial Corp’s holdings in Check Point Software Technologies were worth $9,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. HUB Investment Partners LLC grew its holdings in Check Point Software Technologies by 1.5% in 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 during the last quarter. Modern Wealth Management LLC grew its holdings in Check Point Software Technologies by 3.6% in the 3rd quarter. Modern Wealth Management LLC now owns 1,513 shares of the technology company’s stock valued at $313,000 after buying an additional 53 shares during the last quarter. Philip James Wealth Mangement LLC grew its holdings in Check Point Software Technologies by 1.1% in the 3rd quarter. Philip James Wealth Mangement LLC now owns 4,780 shares of the technology company’s stock valued at $989,000 after buying an additional 54 shares during the last quarter. Horizon Investments LLC grew its holdings in Check Point Software Technologies by 28.9% in the 3rd quarter. Horizon Investments LLC now owns 241 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares during the last quarter. Finally, Pinnacle West Asset Management Inc. grew its holdings in Check Point Software Technologies by 4.6% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 1,255 shares of the technology company’s stock valued at $260,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $114.93 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $112.23 and a 1-year high of $233.78. The firm has a market capitalization of $12.14 billion, a PE ratio of 11.80, a PEG ratio of 3.40 and a beta of 0.43. The business’s 50 day moving average is $144.56 and its 200-day moving average is $171.50. The company has a current ratio of 1.85, a quick ratio of 2.05 and a debt-to-equity ratio of 0.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.08. The company had revenue of $668.40 million for the quarter, compared to analyst estimates of $672.55 million. Check Point Software Technologies had a return on equity of 38.79% and a net margin of 38.37%.Check Point Software Technologies’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.21 EPS. 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. Sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on CHKP shares. Compass Point set a $120.00 price objective on Check Point Software Technologies in a research report on Monday. Barclays decreased their price objective on Check Point Software Technologies from $165.00 to $133.00 and set an “equal weight” rating on the stock in a 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 report on Monday, May 4th. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a report on Monday, May 4th. Finally, 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 report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $146.50.

Check Point Software Technologies Company 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).