7,830 Shares of Check Point Software Technologies Ltd. $CHKP Purchased by Sage Private Wealth Group LLC

Sage Private Wealth Group LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,830 shares of the technology company’s stock, valued at approximately $1,005,000.

A number of other large investors have also recently bought and sold shares of CHKP. JNBA Financial Advisors boosted its position in Check Point Software Technologies by 90.0% in the second quarter. JNBA Financial Advisors now owns 190 shares of the technology company’s stock valued at $25,000 after buying an additional 90 shares during the last quarter. Ascentis Independent Advisors purchased a new position in Check Point Software Technologies during the 1st quarter worth approximately $30,000. Elevation Wealth Partners LLC raised its position in Check Point Software Technologies by 42.7% during the 2nd 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 last quarter. Western Wealth Management LLC purchased a new position in Check Point Software Technologies during the 1st quarter worth approximately $33,000. Finally, Oslo Pensjonsforsikring AS purchased a new position in Check Point Software Technologies during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 1.8%

Shares of CHKP opened at $143.43 on Thursday. Check Point Software Technologies Ltd. has a 52 week low of $112.23 and a 52 week high of $210.66. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 4.03 and a beta of 0.48. The stock’s 50-day moving average price is $134.02 and its 200-day moving average price is $132.00.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho lifted their price objective on shares of Check Point Software Technologies from $135.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, October 15th. Barclays cut their price objective on shares of Check Point Software Technologies from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. UBS Group reiterated a “neutral” rating and issued a $145.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, October 15th. Wells Fargo & Company reduced their target price on shares of Check Point Software Technologies from $140.00 to $130.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. downgraded shares of Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $135.00 target price for the company. in a research report on Monday, July 27th. Nine investment analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $149.50.

Insider Buying and Selling

In other Check Point Software Technologies news, CRO Sherif Seddik sold 10,272 shares of the company’s 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 sale, the executive owned 24,675 shares in the company, valued at approximately $3,049,583.25. This represents a 29.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 29.00% of the company’s stock.

About Check Point Software Technologies

Check Point Software Technologies Ltd. is a cybersecurity company that develops products and services designed to protect organizations, governments and consumers from cyber threats. Its offerings help secure networks, cloud environments, endpoints, mobile devices, data and remote access, with capabilities including threat prevention, firewall protection, intrusion prevention, email security and security management.

The company organizes its portfolio under platforms that include Quantum for network security, CloudGuard for cloud security and Harmony for user, endpoint and remote-access protection.