Sumitomo Mitsui Trust Group Inc. Sells 7,305 Shares of Check Point Software Technologies Ltd. $CHKP

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 166,771 shares of the technology company’s stock after selling 7,305 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Check Point Software Technologies were worth $23,823,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Horizon Investments LLC increased its holdings in shares of 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 acquiring an additional 54 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. grew its stake in Check Point Software Technologies by 4.6% in the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,353 shares of the technology company’s stock valued at $251,000 after purchasing an additional 59 shares during the last quarter. RIA Advisory Group LLC grew its stake in Check Point Software Technologies by 5.1% in the fourth quarter. RIA Advisory Group LLC now owns 1,258 shares of the technology company’s stock valued at $233,000 after purchasing an additional 61 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in Check Point Software Technologies by 9.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 745 shares of the technology company’s stock worth $138,000 after purchasing an additional 64 shares in the last quarter. Finally, Diversified Trust Co. raised its holdings in Check Point Software Technologies by 0.7% in the fourth quarter. Diversified Trust Co. now owns 9,975 shares of the technology company’s stock worth $1,851,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Insiders Place Their Bets

In other news, Director Yoav Chelouche sold 25,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $140.28, for a total value of $3,507,000.00. Following the transaction, the director directly owned 4,008 shares of the company’s stock, valued at approximately $562,242.24. This represents a 86.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.00% of the company’s stock.

Check Point Software Technologies Stock Up 2.0%

NASDAQ:CHKP opened at $134.32 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.70. Check Point Software Technologies Ltd. has a twelve month low of $112.23 and a twelve month high of $225.23. The company has a market cap of $14.18 billion, a PE ratio of 13.79, a P/E/G ratio of 3.89 and a beta of 0.49. The company’s 50 day moving average is $127.94 and its two-hundred day moving average is $150.31.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Thursday, April 30th. The technology company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.08. The business had revenue of $668.40 million during the quarter, compared to analysts’ expectations of $672.55 million. Check Point Software Technologies had a net margin of 38.37% and a return on equity of 38.79%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company posted $2.21 earnings per share. 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. Analysts anticipate that Check Point Software Technologies Ltd. will post 8.46 EPS for the current year.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Check Point Software Technologies from $133.00 to $145.00 and gave the company an “equal weight” rating in a report on Monday. Morgan Stanley set a $133.00 target price on shares of Check Point Software Technologies in a research report on Friday, May 1st. Scotiabank upgraded shares of Check Point Software Technologies from a “sector perform” rating to an “outperform” rating and set a $185.00 target price for the company in a research note on Monday, July 6th. Roth Capital set a $160.00 price target on shares of Check Point Software Technologies in a report on Friday, May 1st. Finally, Wedbush reduced their price target on Check Point Software Technologies from $210.00 to $160.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $150.70.

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).