Ninety One UK Ltd Sells 87,407 Shares of Check Point Software Technologies Ltd. $CHKP

Ninety One UK Ltd lessened its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.4% during the third quarter, Holdings Channel reports. The fund owned 2,463,371 shares of the technology company’s stock after selling 87,407 shares during the period. Ninety One UK Ltd’s holdings in Check Point Software Technologies were worth $316,174,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Abound Financial LLC bought a new stake in Check Point Software Technologies during the fourth quarter worth about $27,000. MV Capital Management Inc. bought a new position in shares of Check Point Software Technologies during the 4th quarter valued at about $28,000. JNBA Financial Advisors increased its position in shares of Check Point Software Technologies by 90.0% during the 2nd quarter. JNBA Financial Advisors now owns 190 shares of the technology company’s stock valued at $25,000 after purchasing an additional 90 shares during the last quarter. Ascentis Independent Advisors bought a new position in shares of Check Point Software Technologies during the 1st quarter valued at about $30,000. Finally, Western Wealth Management LLC purchased a new position in shares of Check Point Software Technologies during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 2.7%

CHKP traded up $3.64 during trading on Thursday, hitting $137.72. 375,622 shares of the stock traded hands, compared to its average volume of 1,317,606. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.67 and a quick ratio of 1.67. The firm has a 50-day moving average of $132.89 and a 200 day moving average of $132.12. The firm has a market capitalization of $14.06 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 3.86 and a beta of 0.48. Check Point Software Technologies Ltd. has a 12-month low of $112.23 and a 12-month high of $210.66.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CHKP shares. Weiss Ratings upgraded Check Point Software Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Susquehanna upped their target price on Check Point Software Technologies from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Friday, July 31st. Raymond James Financial cut shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 15th. Cantor Fitzgerald reissued a “neutral” rating and set a $150.00 price target on shares of Check Point Software Technologies in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lowered shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $135.00 price objective for the company. in a report on Monday, July 27th. Eight equities research analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $149.48.

Insiders Place Their Bets

In other Check Point Software Technologies news, CRO Sherif Seddik sold 10,272 shares of the stock in a transaction that occurred 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 completion of the sale, the executive owned 24,675 shares in the company, valued at approximately $3,049,583.25. This trade represents a 29.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 29.00% of the company’s stock.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. is a cybersecurity company that develops solutions designed to protect networks, cloud environments, endpoints, mobile devices, and email systems from cyber threats. Its offerings help organizations prevent malware, ransomware, phishing, unauthorized access, and other security risks across increasingly distributed information technology environments.

The company’s product portfolio includes network security appliances and software, cloud security platforms, endpoint protection, mobile security, email and collaboration security, security management tools, and threat intelligence services.