Traders Purchase Large Volume of Call Options on Check Point Software Technologies (NASDAQ:CHKP)

Check Point Software Technologies Ltd. (NASDAQ:CHKP) was the target of unusually large options trading activity on Thursday. Stock traders bought 11,718 call options on the stock. This represents an increase of approximately 595% compared to the typical volume of 1,685 call options.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Check Point Software Technologies from $185.00 to $135.00 and set an “overweight” rating for the company in a research note on Friday, May 1st. The Goldman Sachs Group set a $168.00 price target on shares of Check Point Software Technologies in a research note on Friday, May 1st. Cantor Fitzgerald cut their price target on Check Point Software Technologies from $190.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Guggenheim upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating and set a $188.00 price objective for the company in a research report on Wednesday, July 1st. Finally, Weiss Ratings lowered Check Point Software Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 27th. Ten investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $150.70.

Check Point Software Technologies Trading Up 3.1%

Shares of NASDAQ:CHKP opened at $136.51 on Friday. The company has a 50 day moving average of $129.11 and a 200-day moving average of $149.20. 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 firm has a market cap of $14.42 billion, a P/E ratio of 14.02, a P/E/G ratio of 3.91 and a beta of 0.49. Check Point Software Technologies has a twelve month low of $112.23 and a twelve month high of $225.23.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 EPS for the quarter, beating 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 business had revenue of $668.40 million for the quarter, compared to analyst estimates of $672.55 million. During the same quarter last year, the business earned $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. As a group, analysts anticipate that Check Point Software Technologies will post 8.46 earnings per share for the current fiscal year.

Insider Activity at Check Point Software Technologies

In related news, Director Yoav Chelouche sold 25,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $140.28, for a total value of $3,507,000.00. Following the sale, the director owned 4,008 shares of the company’s stock, valued at $562,242.24. This trade represents a 86.18% decrease in their position. The transaction was disclosed in a legal filing 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. Corporate insiders own 29.00% of the company’s stock.

Hedge Funds Weigh In On Check Point Software Technologies

Hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its holdings in shares of Check Point Software Technologies by 28.6% in the fourth 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. Norges Bank acquired a new position in Check Point Software Technologies during the fourth quarter worth about $731,276,000. First Trust Advisors LP raised its position in Check Point Software Technologies by 6.3% in the fourth quarter. First Trust Advisors LP now owns 2,654,602 shares of the technology company’s stock worth $492,588,000 after acquiring an additional 157,327 shares in the last quarter. Ameriprise Financial Inc. raised its position in Check Point Software Technologies by 9.3% in the second quarter. Ameriprise Financial Inc. now owns 2,001,247 shares of the technology company’s stock worth $442,733,000 after acquiring an additional 170,373 shares in the last quarter. Finally, DNB Asset Management AS lifted its holdings 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 during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Company Profile

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).