HighTower Advisors LLC Trims Stock Holdings in Check Point Software Technologies Ltd. $CHKP

HighTower Advisors LLC reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 21.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,696 shares of the technology company’s stock after selling 10,250 shares during the period. HighTower Advisors LLC’s holdings in Check Point Software Technologies were worth $6,809,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds 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 buying an additional 1,766,774 shares during the period. DNB Asset Management AS grew its position in 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 acquiring an additional 932,485 shares in the last quarter. First Trust Advisors LP grew its position in 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 acquiring an additional 597,413 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new position in Check Point Software Technologies in the 3rd quarter valued at about $112,854,000. Finally, Capital World Investors acquired a new position in Check Point Software Technologies in the 3rd quarter valued at about $80,084,000. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on CHKP. Compass Point set a $120.00 target price on Check Point Software Technologies in a research report on Monday, May 4th. Susquehanna dropped their target price on Check Point Software Technologies from $255.00 to $140.00 and set a “positive” rating for the company in a research report on Friday, May 1st. Wells Fargo & Company dropped their target price on Check Point Software Technologies from $165.00 to $120.00 and set an “equal weight” rating for the company in a research report on Friday, May 1st. Stifel Nicolaus set a $120.00 target price on Check Point Software Technologies in a research report on Friday, May 1st. Finally, Morgan Stanley set a $133.00 target price on Check Point Software Technologies in a research report on Friday, May 1st. Eight investment 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 company presently has an average 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 $128.71 on Thursday. Check Point Software Technologies Ltd. has a one year low of $112.23 and a one year high of $233.78. The company has a market cap of $13.59 billion, a PE ratio of 13.21, a P/E/G ratio of 3.86 and a beta of 0.43. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.85 and a current ratio of 1.85. The business has a 50-day simple moving average of $135.56 and a 200-day simple moving average of $164.53.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $672.55 million. During the same period in the previous year, the company posted $2.21 earnings per share. The business’s revenue for the quarter 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 research analysts forecast that Check Point Software Technologies Ltd. will post 8.47 EPS for the current fiscal 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).