Check Point Software Technologies (NASDAQ:CHKP) Upgraded by Scotiabank to Outperform Rating

Scotiabank upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) from a sector perform rating to an outperform rating in a research note published on Monday morning, MarketBeat reports. The firm currently has $185.00 target price on the technology company’s stock.

Other research analysts have also recently issued research reports about the stock. Guggenheim raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and set a $188.00 target price for the company in a report on Wednesday, July 1st. Roth Mkm set a $160.00 price objective on shares of Check Point Software Technologies in a research note on Friday, May 1st. UBS Group cut their target price on shares of Check Point Software Technologies from $170.00 to $130.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Royal Bank Of Canada decreased their target price on shares of Check Point Software Technologies from $157.00 to $135.00 and set a “sector perform” rating on the stock in a research note on Friday, May 1st. Finally, Stifel Nicolaus set a $120.00 price target on Check Point Software Technologies in a research note on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and an average target price of $150.26.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $139.86 on Monday. The firm has a 50 day moving average of $127.53 and a 200-day moving average of $152.52. Check Point Software Technologies has a 12 month low of $112.23 and a 12 month high of $232.07. 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 stock has a market capitalization of $14.77 billion, a PE ratio of 14.41, a PEG ratio of 4.03 and a beta of 0.49.

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, beating the consensus estimate 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 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 business earned $2.21 earnings per share. 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 research analysts predict that Check Point Software Technologies will post 8.46 EPS for the current fiscal year.

Insider Activity

In other news, Director Yoav Chelouche sold 25,000 shares of Check Point Software Technologies stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $140.28, for a total transaction of $3,507,000.00. Following the transaction, the director owned 4,008 shares in the company, valued at approximately $562,242.24. The trade was a 86.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Nordea Investment Management AB grew its position in shares of Check Point Software Technologies by 3.3% during the 4th quarter. Nordea Investment Management AB now owns 1,106,298 shares of the technology company’s stock worth $205,827,000 after buying an additional 35,448 shares during the period. Phoenix Financial Ltd. bought a new position in Check Point Software Technologies during the fourth quarter worth $30,202,000. Massachusetts Financial Services Co. MA boosted its stake in 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 acquiring an additional 1,766,774 shares in the last quarter. Ion Asset Management Ltd. acquired a new stake in Check Point Software Technologies in the third quarter worth $53,510,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Check Point Software Technologies by 7.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 162,807 shares of the technology company’s stock valued at $30,210,000 after purchasing an additional 10,644 shares during the period. 98.51% of the stock is owned by 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).