Short Interest in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Increases By 26.0%

Check Point Software Technologies Ltd. (NASDAQ:CHKP) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 5,428,778 shares, a growth of 26.0% from the November 30th total of 4,309,715 shares. Currently, 7.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,368,663 shares, the short-interest ratio is currently 4.0 days. Based on an average daily trading volume, of 1,368,663 shares, the short-interest ratio is currently 4.0 days. Currently, 7.0% of the company’s stock are sold short.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $187.46 on Wednesday. The stock has a market capitalization of $20.62 billion, a PE ratio of 20.53, a price-to-earnings-growth ratio of 3.01 and a beta of 0.61. Check Point Software Technologies has a 52 week low of $178.64 and a 52 week high of $234.35. The stock has a 50 day moving average price of $192.15 and a 200 day moving average price of $199.22.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The company had revenue of $677.50 million for the quarter, compared to analysts’ expectations of $673.60 million. During the same quarter in the prior year, the business posted $2.25 EPS. The business’s revenue was up 6.7% compared to the same quarter last year. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS and its Q4 2025 guidance at 2.700-2.800 EPS. As a group, research analysts forecast that Check Point Software Technologies will post 8.61 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Axiom Investors LLC DE bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at about $68,010,000. Federation des caisses Desjardins du Quebec increased its position in Check Point Software Technologies by 46.9% during the first quarter. Federation des caisses Desjardins du Quebec now owns 11,867 shares of the technology company’s stock worth $2,705,000 after buying an additional 3,791 shares during the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in Check Point Software Technologies in the first quarter valued at approximately $18,234,000. Amundi lifted its position in shares of Check Point Software Technologies by 14.1% in the first quarter. Amundi now owns 284,659 shares of the technology company’s stock valued at $63,769,000 after buying an additional 35,132 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in shares of Check Point Software Technologies during the 1st quarter worth approximately $262,000. Institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Mizuho set a $225.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Scotiabank upped their price objective on Check Point Software Technologies from $205.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 29th. Roth Capital reiterated a “neutral” rating on shares of Check Point Software Technologies in a report on Monday, October 27th. Weiss Ratings upgraded Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, October 30th. Finally, Royal Bank Of Canada upped their price target on Check Point Software Technologies from $207.00 to $215.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $230.91.

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).