Sound Shore Management Inc. CT Has $74.07 Million Stock Holdings in Check Point Software Technologies Ltd. $CHKP

Sound Shore Management Inc. CT grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 22.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 518,529 shares of the technology company’s stock after purchasing an additional 93,945 shares during the quarter. Check Point Software Technologies accounts for approximately 2.5% of Sound Shore Management Inc. CT’s investment portfolio, making the stock its 21st biggest holding. Sound Shore Management Inc. CT’s holdings in Check Point Software Technologies were worth $74,072,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Horizon Investments LLC boosted its holdings in Check Point Software Technologies by 28.9% in the third quarter. Horizon Investments LLC now owns 241 shares of the technology company’s stock worth $50,000 after acquiring an additional 54 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. increased its holdings in shares of Check Point Software Technologies by 4.6% during 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 acquiring an additional 59 shares in the last quarter. RIA Advisory Group LLC raised its position in shares of Check Point Software Technologies by 5.1% during the fourth quarter. RIA Advisory Group LLC now owns 1,258 shares of the technology company’s stock worth $233,000 after purchasing an additional 61 shares during the period. Transamerica Financial Advisors LLC raised its position in shares of Check Point Software Technologies by 9.4% during 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 during the period. Finally, Diversified Trust Co. lifted its holdings in shares of Check Point Software Technologies by 0.7% in the 4th 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. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CHKP. Barclays lifted their price objective 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, July 13th. Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and set a $120.00 target price on the stock. in a report on Monday, May 4th. Cantor Fitzgerald dropped their price target on shares of Check Point Software Technologies from $190.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 21st. Scotiabank upgraded Check Point Software Technologies from a “sector perform” rating to an “outperform” rating and set a $185.00 price target for the company in a research note on Monday, July 6th. Finally, TD Cowen set a $180.00 price objective on Check Point Software Technologies in a report on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $150.70.

Check Point Software Technologies Price Performance

CHKP stock opened at $137.10 on Monday. The stock has a fifty day moving average of $129.55 and a 200-day moving average of $148.84. Check Point Software Technologies Ltd. has a fifty-two week low of $112.23 and a fifty-two week high of $225.23. The company has a market capitalization of $14.48 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 4.05 and a beta of 0.49. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.85 and a current ratio of 1.85.

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

Insiders Place Their Bets

In other news, Director Yoav Chelouche sold 25,000 shares of Check Point Software Technologies stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $140.28, for a total transaction of $3,507,000.00. Following the completion of the sale, the director owned 4,008 shares in the company, valued at approximately $562,242.24. This trade represents a 86.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is owned by corporate insiders.

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).