Check Point Software Technologies (NASDAQ:CHKP) Shares Gap Down – Here’s What Happened

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) gapped down prior to trading on Wednesday . The stock had previously closed at $137.02, but opened at $132.22. Check Point Software Technologies shares last traded at $135.2210, with a volume of 154,312 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup reduced their price target on Check Point Software Technologies from $190.00 to $125.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Cantor Fitzgerald dropped their target price on Check Point Software Technologies from $190.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. BMO Capital Markets decreased 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 note on Monday, May 4th. Raymond James Financial downgraded shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Finally, Wells Fargo & Company decreased their target price on shares of 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. Ten 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 MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $150.70.

Check Point Software Technologies Stock Down 2.4%

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 firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 3.96 and a beta of 0.49. The firm has a 50 day moving average price of $128.33 and a two-hundred day moving average price of $149.96.

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 analysts’ consensus estimates of $2.42 by $0.08. Check Point Software Technologies had a net margin of 38.37% and a return on equity of 38.79%. The firm had revenue of $668.40 million during the quarter, compared to the consensus estimate of $672.55 million. During the same quarter in the prior year, the company earned $2.21 EPS. The company’s revenue was up 4.8% on a year-over-year basis. 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, equities analysts expect that Check Point Software Technologies Ltd. will post 8.46 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Yoav Chelouche sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $140.28, for a total value of $3,507,000.00. Following the transaction, the director owned 4,008 shares of the company’s stock, 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 is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is owned by insiders.

Institutional Trading of Check Point Software Technologies

A number of institutional investors have recently added to or reduced their stakes in the business. Horizon Investments LLC boosted its stake in shares of Check Point Software Technologies by 28.9% in the 3rd quarter. Horizon Investments LLC now owns 241 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. increased its position in Check Point Software Technologies by 4.6% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,353 shares of the technology company’s stock worth $251,000 after purchasing an additional 59 shares in the last quarter. RIA Advisory Group LLC increased its position in Check Point Software Technologies by 5.1% during the 4th 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 in the last quarter. Transamerica Financial Advisors LLC lifted its stake in Check Point Software Technologies by 9.4% in the 4th quarter. Transamerica Financial Advisors LLC now owns 745 shares of the technology company’s stock valued at $138,000 after purchasing an additional 64 shares during the last quarter. Finally, Diversified Trust Co. lifted its stake in 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 valued at $1,851,000 after purchasing an additional 65 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

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).