Wells Fargo & Company Increases Check Point Software Technologies (NASDAQ:CHKP) Price Target to $140.00

Check Point Software Technologies (NASDAQ:CHKP) had its price target boosted by equities researchers at Wells Fargo & Company from $120.00 to $140.00 in a research note issued on Monday, MarketBeat reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 7.31% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Raymond James Financial cut Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 15th. Weiss Ratings downgraded Check Point Software Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 27th. The Goldman Sachs Group set a $168.00 price objective on Check Point Software Technologies in a report on Friday, May 1st. JPMorgan Chase & Co. cut their price objective on Check Point Software Technologies from $185.00 to $135.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Finally, Stifel Nicolaus set a $120.00 price objective on Check Point Software Technologies in a research report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $151.44.

Check Point Software Technologies Stock Performance

CHKP opened at $130.46 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a fifty day moving average price of $130.24 and a 200 day moving average price of $148.09. Check Point Software Technologies has a 1 year low of $112.23 and a 1 year high of $225.23. The stock has a market cap of $13.78 billion, a P/E ratio of 13.39, a P/E/G ratio of 4.00 and a beta of 0.49.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $672.55 million. During the same period in the prior year, the firm posted $2.21 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. 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. Equities research analysts anticipate that Check Point Software Technologies will post 8.46 earnings per share for the current year.

Insider Buying and Selling at Check Point Software Technologies

In related news, Director Yoav Chelouche sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director owned 4,008 shares in the company, valued at $562,242.24. This represents a 86.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 29.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Check Point Software Technologies

Several large investors have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Check Point Software Technologies in the fourth quarter valued at approximately $731,276,000. Massachusetts Financial Services Co. MA increased its position 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Check Point Software Technologies by 26,561.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,233,899 shares of the technology company’s stock valued at $228,962,000 after purchasing an additional 1,229,271 shares during the last quarter. DNB Asset Management AS raised its stake 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 purchasing an additional 932,485 shares during the last quarter. Finally, Altshuler Shaham Ltd lifted its holdings in Check Point Software Technologies by 6,253,188.9% in the 4th quarter. Altshuler Shaham Ltd now owns 562,796 shares of the technology company’s stock valued at $104,432,000 after purchasing an additional 562,787 shares in the last quarter. 98.51% of the stock is currently 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).