Check Point tumbles as Q1 revenue miss and product headwinds overshadow EPS beat

Check Point Software Technologies (CHKP) is down 16.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to a quarterly report that beat earnings expectations but came in light on revenue, reinforcing investor concerns about near-term growth. Management also flagged that go-to-market changes created headwinds in product revenue (notably security appliances), which may have amplified worries about execution and sales momentum.

Details:

Non-GAAP EPS was $2.50 versus a $2.40 consensus estimate, while revenue was $668 million versus a roughly $672.6 million consensus estimate.

The company said subscription revenue was a strength, with security subscriptions revenue of $323 million (up 11% year over year), while product revenue was pressured by go-to-market changes implemented at the start of the quarter.

The company announced a commercial leadership transition: Sherif Seddik was appointed Chief Revenue Officer effective May 1, 2026, succeeding Itai Greenberg, who is stepping down from the role.

This could also reflect expectations resets after a sharp one-day move, with investors focusing more on topline trajectory and product demand than margin and EPS strength.

Sources:

Check Point Software (Investor Relations), StreetInsider, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CHKP Hedge Fund Activity

We have seen 340 institutional investors add shares of $CHKP stock to their portfolio, and 354 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 1,766,774 shares (+28.6%) to their portfolio in Q4 2025, for an estimated $327,842,583
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 1,215,387 shares (+6565.4%) to their portfolio in Q4 2025, for an estimated $225,527,211
WESTWOOD GLOBAL INVESTMENTS, LLC removed 1,000,880 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $185,723,292
DNB ASSET MANAGEMENT AS added 932,485 shares (+105.0%) to their portfolio in Q4 2025, for an estimated $173,031,916
NORGES BANK added 710,174 shares (+22.0%) to their portfolio in Q4 2025, for an estimated $131,779,887
CITADEL ADVISORS LLC removed 691,044 shares (-81.2%) from their portfolio in Q4 2025, for an estimated $128,230,124
ALTSHULER SHAHAM LTD added 562,787 shares (+6253188.9%) to their portfolio in Q4 2025, for an estimated $104,430,755

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$CHKP Analyst Ratings

Wall Street analysts have issued reports on $CHKP in the last several months. We have seen 1 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

BWG Global issued a "Negative" rating on 04/14/2026
Stephens & Co. issued a "Overweight" rating on 01/14/2026

To track analyst ratings and price targets for $CHKP, check out Quiver Quantitative's $CHKP forecast page.

$CHKP Price Targets

Multiple analysts have issued price targets for $CHKP recently. We have seen 16 analysts offer price targets for $CHKP in the last 6 months, with a median target of $185.5.

Here are some recent targets:

Joel Fishbein from Truist Securities set a target price of $175.0 on 04/24/2026
Jonathan Ruykhaver from Cantor Fitzgerald set a target price of $175.0 on 04/21/2026
Gregg Moskowitz from Mizuho set a target price of $165.0 on 04/14/2026
Saket Kalia from Barclays set a target price of $165.0 on 04/13/2026
Roger Boyd from UBS set a target price of $170.0 on 04/08/2026
Richard Poland from Wells Fargo set a target price of $165.0 on 03/03/2026
Gabriela Borges from Goldman Sachs set a target price of $186.0 on 02/17/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.