Bank of New York Mellon Corp Grows Stock Position in Check Point Software Technologies Ltd. $CHKP

Bank of New York Mellon Corp lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 654,562 shares of the technology company’s stock after purchasing an additional 40,415 shares during the quarter. Bank of New York Mellon Corp’s holdings in Check Point Software Technologies were worth $121,461,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CHKP. Norges Bank purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth approximately $731,276,000. Massachusetts Financial Services Co. MA raised its stake in shares of Check Point Software Technologies by 28.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,937,229 shares of the technology company’s stock worth $1,472,832,000 after purchasing an additional 1,766,774 shares during the last quarter. DNB Asset Management AS raised its stake in shares of Check Point Software Technologies by 105.0% during the 4th quarter. DNB Asset Management AS now owns 1,820,339 shares of the technology company’s stock worth $337,782,000 after buying an additional 932,485 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Check Point Software Technologies by 31.4% during the 3rd quarter. First Trust Advisors LP now owns 2,497,275 shares of the technology company’s stock worth $516,711,000 after buying an additional 597,413 shares in the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Check Point Software Technologies during the 3rd quarter worth approximately $112,854,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Insiders Place Their Bets

In other Check Point Software Technologies news, Director Yoav Chelouche sold 25,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $140.28, for a total transaction of $3,507,000.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.00% of the company’s stock.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $135.82 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $112.23 and a 1-year high of $233.78. The company has a market capitalization of $14.34 billion, a P/E ratio of 13.94, a PEG ratio of 4.00 and a beta of 0.49. The business has a 50 day moving average price of $133.57 and a 200 day moving average price of $161.61. 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 (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. The firm had revenue of $668.40 million during the quarter, compared to the consensus estimate of $672.55 million. Check Point Software Technologies had a return on equity of 38.79% and a net margin of 38.37%.Check Point Software Technologies’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last 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. Sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Susquehanna cut 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 note on Friday, May 1st. Wedbush cut their target price on Check Point Software Technologies from $210.00 to $160.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Weiss Ratings downgraded Check Point Software Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, April 27th. Jefferies Financial Group reissued a “buy” rating and set a $160.00 target price on shares of Check Point Software Technologies in a research note on Friday, May 1st. Finally, BMO Capital Markets cut their target price on Check Point Software Technologies from $210.00 to $135.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Eight equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target 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).