Norges Bank Acquires Shares of 3,940,912 Check Point Software Technologies Ltd. $CHKP

Norges Bank acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 3,940,912 shares of the technology company’s stock, valued at approximately $731,276,000. Norges Bank owned about 3.58% of Check Point Software Technologies as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CHKP. Massachusetts Financial Services Co. MA boosted its position in Check Point Software Technologies by 28.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,937,229 shares of the technology company’s stock valued at $1,472,832,000 after buying an additional 1,766,774 shares during the last quarter. DNB Asset Management AS lifted its stake in shares of Check Point Software Technologies by 105.0% in the 4th quarter. DNB Asset Management AS now owns 1,820,339 shares of the technology company’s stock valued at $337,782,000 after purchasing an additional 932,485 shares during the period. First Trust Advisors LP lifted its stake in shares of Check Point Software Technologies by 31.4% in the 3rd quarter. First Trust Advisors LP now owns 2,497,275 shares of the technology company’s stock valued at $516,711,000 after purchasing an additional 597,413 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of Check Point Software Technologies in the 3rd quarter valued at $112,854,000. Finally, Capital World Investors acquired a new position in shares of Check Point Software Technologies in the 3rd quarter valued at $80,084,000. 98.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CHKP shares. Evercore set a $185.00 price target on Check Point Software Technologies in a research note on Friday, February 13th. UBS Group cut their price target on Check Point Software Technologies from $170.00 to $130.00 and set a “neutral” rating on the stock in a research note on Friday, May 1st. Argus raised Check Point Software Technologies to a “hold” rating in a research note on Thursday, February 26th. Robert W. Baird set a $220.00 price objective on Check Point Software Technologies in a research note on Friday, February 13th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a research note on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $146.50.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $135.05 on Monday. The company has a market capitalization of $14.26 billion, a PE ratio of 13.87, a PEG ratio of 3.98 and a beta of 0.49. Check Point Software Technologies Ltd. has a 12 month low of $112.23 and a 12 month high of $233.78. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.70. The stock’s fifty day simple moving average is $134.74 and its 200 day simple moving average is $163.57.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.42 by $0.08. The business 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 firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.21 EPS. 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. On average, research analysts predict that Check Point Software Technologies Ltd. will post 8.47 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).