Check Point Software Technologies Ltd. $CHKP Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1,032.2% during the fourth quarter, Holdings Channel reports. The fund owned 318,042 shares of the technology company’s stock after acquiring an additional 289,951 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Check Point Software Technologies were worth $59,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHKP. Massachusetts Financial Services Co. MA raised its holdings 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 acquiring an additional 1,766,774 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Check Point Software Technologies by 31.4% during the third quarter. First Trust Advisors LP now owns 2,497,275 shares of the technology company’s stock worth $516,711,000 after purchasing an additional 597,413 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Check Point Software Technologies in the third quarter valued at $112,854,000. Capital World Investors acquired a new position in Check Point Software Technologies in the third quarter valued at $80,084,000. Finally, Sound Shore Management Inc CT purchased a new position in Check Point Software Technologies during the third quarter worth about $73,104,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Jefferies Financial Group reissued a “buy” rating and issued a $160.00 price target on shares of Check Point Software Technologies in a research note on Friday, May 1st. Cantor Fitzgerald cut their price objective on shares of Check Point Software Technologies from $190.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Bank of America cut 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 research report on Monday, May 4th. Wells Fargo & Company lowered their target price on shares of Check Point Software Technologies from $165.00 to $120.00 and set an “equal weight” rating for the company in a report on Friday, May 1st. Finally, Robert W. Baird set a $220.00 price target on shares of Check Point Software Technologies in a research report on Friday, February 13th. Eight analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $146.50.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $124.03 on Monday. The business has a 50-day moving average of $140.03 and a two-hundred day moving average of $168.29. The firm has a market capitalization of $13.10 billion, a PE ratio of 12.73, a P/E/G ratio of 3.65 and a beta of 0.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.85 and a quick ratio of 1.85. Check Point Software Technologies Ltd. has a 12 month low of $112.23 and a 12 month high of $233.78.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.08. Check Point Software Technologies had a return on equity of 38.79% and a net margin of 38.37%.The business had revenue of $668.40 million for the quarter, compared to analyst estimates of $672.55 million. During the same period in the previous year, the company posted $2.21 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. 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, research analysts forecast that Check Point Software Technologies Ltd. will post 8.49 earnings per share for the current year.

Check Point Software Technologies Company Profile

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).