Franklin Parlapiano Turner & Welch LLC Increases Holdings in Check Point Software Technologies Ltd. $CHKP

Franklin Parlapiano Turner & Welch LLC increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,816 shares of the technology company’s stock after acquiring an additional 4,306 shares during the period. Check Point Software Technologies makes up approximately 1.3% of Franklin Parlapiano Turner & Welch LLC’s investment portfolio, making the stock its 24th biggest position. Franklin Parlapiano Turner & Welch LLC’s holdings in Check Point Software Technologies were worth $5,890,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Abound Financial LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC purchased a new stake in Check Point Software Technologies during the 3rd quarter valued at $27,000. MV Capital Management Inc. bought a new stake in Check Point Software Technologies in the fourth quarter worth $28,000. Ascentis Independent Advisors purchased a new position in Check Point Software Technologies during the first quarter worth $30,000. Finally, Elevation Wealth Partners LLC boosted its stake in Check Point Software Technologies by 42.7% during the second quarter. Elevation Wealth Partners LLC now owns 254 shares of the technology company’s stock worth $33,000 after buying an additional 76 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Check Point Software Technologies from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Stephens reaffirmed an “overweight” rating and set a $145.00 price target on shares of Check Point Software Technologies in a research note on Thursday, April 30th. Truist Financial set a $150.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, April 30th. Jefferies Financial Group reissued a “buy” rating and issued a $160.00 price objective on shares of Check Point Software Technologies in a research report on Friday, May 1st. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $150.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, July 23rd. Nine research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the stock. According to MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and an average target price of $149.67.

Insider Activity

In other Check Point Software Technologies news, Director Yoav Chelouche sold 25,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director directly owned 4,008 shares of the company’s stock, valued at $562,242.24. The trade was a 86.18% decrease in their position. The transaction was disclosed in a 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. Also, CRO Sherif Seddik sold 10,272 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $123.59, for a total transaction of $1,269,516.48. Following the completion of the transaction, the executive owned 24,675 shares in the company, valued at $3,049,583.25. This represents a 29.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is owned by insiders.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $127.82 on Monday. 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 market cap of $13.05 billion, a price-to-earnings ratio of 13.08, a price-to-earnings-growth ratio of 4.75 and a beta of 0.49. The stock has a fifty day simple moving average of $130.42 and a 200-day simple moving average of $142.74. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.72.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Thursday, July 30th. The technology company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.10. The firm had revenue of $673.60 million for the quarter, compared to analysts’ expectations of $675.45 million. Check Point Software Technologies had a net margin of 37.93% and a return on equity of 38.80%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.37 earnings per share. 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 8.46 EPS for the current year.

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).