Huntington National Bank Sells 4,440 Shares of Check Point Software Technologies Ltd. $CHKP

Huntington National Bank lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 53.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,940 shares of the technology company’s stock after selling 4,440 shares during the quarter. Huntington National Bank’s holdings in Check Point Software Technologies were worth $731,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kingsview Wealth Management LLC grew its position in shares of Check Point Software Technologies by 9.0% during the 4th quarter. Kingsview Wealth Management LLC now owns 2,282 shares of the technology company’s stock worth $423,000 after buying an additional 188 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Check Point Software Technologies by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 888,696 shares of the technology company’s stock worth $164,031,000 after buying an additional 14,668 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of Check Point Software Technologies by 2.6% during the 4th quarter. Clearstead Advisors LLC now owns 3,549 shares of the technology company’s stock worth $659,000 after buying an additional 91 shares in the last quarter. Legal & General Group Plc grew its position in shares of Check Point Software Technologies by 4.7% during the 4th quarter. Legal & General Group Plc now owns 1,426,081 shares of the technology company’s stock worth $264,624,000 after buying an additional 63,933 shares in the last quarter. Finally, Systematic Financial Management LP grew its position in shares of Check Point Software Technologies by 0.7% during the 4th quarter. Systematic Financial Management LP now owns 23,247 shares of the technology company’s stock worth $4,314,000 after buying an additional 155 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 2.8%

Shares of NASDAQ CHKP opened at $135.05 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $14.26 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 3.98 and a beta of 0.43. Check Point Software Technologies Ltd. has a 1-year low of $112.23 and a 1-year high of $233.78. The business has a fifty day moving average price of $134.74 and a 200 day moving average price of $163.84.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.08. The firm had revenue of $668.40 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior 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. Equities research analysts expect that Check Point Software Technologies Ltd. will post 8.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHKP has been the topic of a number of recent research reports. Stifel Nicolaus set a $120.00 price target on Check Point Software Technologies in a research report on Friday, May 1st. JPMorgan Chase & Co. dropped their price target on Check Point Software Technologies from $185.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Argus raised Check Point Software Technologies to a “hold” rating in a research report on Thursday, February 26th. BMO Capital Markets dropped their price target on Check Point Software Technologies from $210.00 to $135.00 and set an “outperform” rating on the stock in a research report on Monday, May 4th. Finally, Wells Fargo & Company dropped their price target on Check Point Software Technologies from $165.00 to $120.00 and set an “equal weight” rating on the stock in a research report on Friday, May 1st. Eight equities research 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’s stock. According to MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus target price of $146.50.

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).