Davis Capital Management Sells 4,359 Shares of Check Point Software Technologies Ltd. $CHKP

Davis Capital Management lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 93.6% during the third quarter, HoldingsChannel.com reports. The fund owned 298 shares of the technology company’s stock after selling 4,359 shares during the period. Davis Capital Management’s holdings in Check Point Software Technologies were worth $38,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Plan A Wealth LLC boosted its stake in shares of Check Point Software Technologies by 20.1% in the 3rd quarter. Plan A Wealth LLC now owns 2,075 shares of the technology company’s stock valued at $266,000 after purchasing an additional 347 shares in the last quarter. Junto Capital Management LP bought a new position in Check Point Software Technologies in the second quarter valued at about $72,445,000. National Pension Service boosted its stake in shares of Check Point Software Technologies by 114.8% during the second quarter. National Pension Service now owns 15,468 shares of the technology company’s stock valued at $2,033,000 after purchasing an additional 8,268 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Check Point Software Technologies during the second quarter worth about $302,000. Finally, Waverly Advisors LLC grew its holdings in shares of Check Point Software Technologies by 8.7% during the second quarter. Waverly Advisors LLC now owns 1,883 shares of the technology company’s stock worth $248,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analysts Set New Price Targets

CHKP has been the subject of a number of research reports. Guggenheim upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and set a $188.00 price objective for the company in a report on Wednesday, July 1st. Stifel Nicolaus raised their price target on shares of Check Point Software Technologies from $120.00 to $130.00 and gave the company a “hold” rating in a research note on Friday, July 31st. Barclays cut their price target on shares of Check Point Software Technologies from $145.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. The Goldman Sachs Group decreased their price objective on Check Point Software Technologies from $168.00 to $150.00 and set a “neutral” rating for the company in a report on Saturday, August 1st. Finally, Scotiabank raised Check Point Software Technologies from a “sector perform” rating to an “outperform” rating and set a $185.00 target price for the company in a research report on Monday, July 6th. Eight investment analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $148.74.

Check Point Software Technologies Trading Up 3.4%

Check Point Software Technologies stock traded up $4.43 during mid-day trading on Thursday, hitting $134.74. 1,132,700 shares of the stock were exchanged, compared to its average volume of 1,333,815. The stock has a market capitalization of $13.76 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 3.78 and a beta of 0.48. Check Point Software Technologies Ltd. has a 12 month low of $112.23 and a 12 month 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 firm’s fifty day simple moving average is $131.93 and its two-hundred day simple moving average is $132.53.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, July 30th. The technology company reported $2.55 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.10. Check Point Software Technologies had a net margin of 37.93% and a return on equity of 38.80%. The company had revenue of $673.60 million for the quarter, compared to analyst estimates of $675.45 million. During the same period in the prior year, the firm posted $2.37 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis. 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. Analysts forecast that Check Point Software Technologies Ltd. will post 8.45 EPS for the current year.

Insider Buying and Selling

In other Check Point Software Technologies news, CRO Sherif Seddik sold 10,272 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $123.59, for a total transaction of $1,269,516.48. Following the completion of the sale, the executive directly owned 24,675 shares in the company, valued at approximately $3,049,583.25. This trade represents a 29.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 29.00% of the company’s stock.

Check Point Software Technologies Profile

Check Point Software Technologies Ltd. is a cybersecurity company that develops solutions designed to protect networks, cloud environments, endpoints, mobile devices, and email systems from cyber threats. Its offerings help organizations prevent malware, ransomware, phishing, unauthorized access, and other security risks across increasingly distributed information technology environments.

The company’s product portfolio includes network security appliances and software, cloud security platforms, endpoint protection, mobile security, email and collaboration security, security management tools, and threat intelligence services.