Check Point Software Technologies Announces $2.0 Billion Expansion of Share Repurchase Authorization

Rhea-AI Summary

Check Point Software Technologies (NASDAQ: CHKP) authorized a $2.0 billion expansion of its ongoing share repurchase program. As of March 31, 2026, it had about 104.0 million shares outstanding and has historically repurchased 230 million shares for roughly $17.4 billion, funded from working capital.

AI-generated analysis. Not financial advice.

Positive

• Board authorizes additional $2.0 billion for share repurchases
• Company has repurchased 230 million shares to date for $17.4 billion
• Repurchases expected to be funded from available working capital
• Flexible execution via open-market, private transactions, or Rule 10b5-1 plans

Negative

• None.

News Market Reaction – CHKP

+0.43%

1 alert

+0.43% News Effect

On the day this news was published, CHKP gained 0.43%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Buyback expansion: $2.0 billion Shares outstanding: 104,027,807 shares Shares repurchased: 230 million shares +5 more

8 metrics

Buyback expansion $2.0 billion New increase to share repurchase authorization

Shares outstanding 104,027,807 shares Ordinary shares outstanding as of March 31, 2026

Shares repurchased 230 million shares Cumulative repurchases since program inception

Total buyback spend $17.4 billion Total purchase price for repurchased shares to date

Prior buyback expansion $2.0 billion Expansion announced July 11, 2024

Current share price $114.93 Price before impact of latest buyback news

52-week high $233.78 Upper end of 52-week trading range

52-week low $112.23 Lower end of 52-week trading range

Market Reality Check

Price: $124.03 Vol: Volume 2,008,415 is in li...

normal vol

$124.03 Last Close

Volume Volume 2,008,415 is in line with 20-day average of 2,014,932. normal

Technical Price $114.93 trades 50.84% below 52-week high and 2.41% above 52-week low, remaining below 200-day MA at $177.78.

Peers on Argus

While CHKP is down 0.55%, key peers FFIV (2.61%), IOT (0.71%), NTNX (1.3%), GDDY...

While CHKP is down 0.55%, key peers FFIV (2.61%), IOT (0.71%), NTNX (1.3%), GDDY (3.13%) and GEN (7.69%) are positive, pointing to a stock-specific move despite the buyback news.

Common Catalyst Peer headlines center on product collaboration and customer initiatives rather than capital return actions.

Previous Buybacks Reports

1 past event · Latest: 2024-07-11 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
2024-07-11	Buyback expansion	Positive	-0.2%	Board expanded share repurchase authorization by $2.0 billion.

Pattern Detected

The prior buyback expansion in 2024 led to a modest negative next‑day move of -0.18%, indicating muted immediate reactions to repurchase announcements.

Recent Company History

Over recent months, Check Point has combined operational progress with shareholder-return actions. Q1 2026 results showed revenue of $668M and non-GAAP EPS of $2.50, yet the stock fell about 19.64% after the report and related GovRAMP news on April 30, 2026. Earlier in April, the company highlighted recognition for its WAAP capabilities and a top ranking in hybrid mesh network security. A $2.0B buyback expansion in July 2024 saw only a -0.18% price move, suggesting historically modest reactions to similar capital return updates.

Historical Comparison

-0.2% avg move · Past buyback news for CHKP, including a $2.0B expansion in 2024, produced an average next‑day move o...

buybacks

-0.2%

Average Historical Move buybacks

Past buyback news for CHKP, including a $2.0B expansion in 2024, produced an average next‑day move of about -0.18%, indicating historically subdued price reactions to repurchase announcements.

Check Point has repeatedly expanded its share repurchase authorization, with a notable $2.0B expansion in 2024 followed by the newly announced increase, underscoring an ongoing capital return framework.

Market Pulse Summary

This announcement adds another sizable $2.0B to Check Point’s repurchase capacity, building on cumul...

Analysis

This announcement adds another sizable $2.0B to Check Point’s repurchase capacity, building on cumulative buybacks of about 230 million shares for $17.4B. With roughly 104,027,807 shares outstanding and the price near the lower end of its 52-week range, the move underscores continued capital return. Investors may watch execution details, such as any Rule 10b5-1 plans and the pace of purchases relative to trading volume and broader fundamental updates.

Key Terms

rule 10b5-1, u.s. securities exchange act of 1934

2 terms

rule 10b5-1 regulatory

"Check Point may enter into a plan that is compliant with Rule 10b5-1 of the U.S."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

u.s. securities exchange act of 1934 regulatory

"Rule 10b5-1 of the U.S. Securities Exchange Act of 1934 that is designed"

A U.S. federal law that acts as the rulebook for trading and reporting by public companies, securities exchanges and market participants; it created the agency that enforces those rules. It requires ongoing public disclosure of financial results and major events, sets standards to prevent fraud and insider trading, and governs how markets operate—think of it as the referee and scorekeeper that helps investors see reliable, timely information and trust the fairness of the market.

AI-generated analysis. Not financial advice.

REDWOOD CITY, Calif., May 11, 2026 /PRNewswire/ -- Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cyber security solutions globally, today announced that its board of directors has authorized a $2.0 billion expansion of the company's on-going share repurchase program.

As of March 31, 2026, Check Point had approximately 104,027,807 ordinary shares outstanding, and since the beginning of the share repurchase program, Check Point has repurchased approximately 230 million shares for a total purchase price of approximately $17.4 billion. The updated plan extends the company's existing repurchase authorization from July 2024, which was completed in the second quarter of 2026.

Under the extended repurchase authorization, shares may be repurchased from time to time in open-market transactions, in privately negotiated transactions or by other means in accordance with applicable securities laws and regulations. The actual timing, number and value of the shares repurchased will depend on market conditions, share price, trading volume and other factors. For all or a portion of the authorized repurchase amount, Check Point may enter into a plan that is compliant with Rule 10b5-1 of the U.S. Securities Exchange Act of 1934 that is designed to facilitate such purchases. The repurchase program does not require Check Point to acquire a specific number of shares and may be suspended from time to time, amended, or discontinued. The share repurchases are expected to be funded from available working capital.

About Check Point Software Technologies Ltd. 

Check Point Software Technologies Ltd. (www.checkpoint.com) is a leading AI-powered, cloud-delivered cyber security platform provider protecting over 100,000 organizations worldwide. Check Point leverages the power of AI everywhere to enhance cyber security efficiency and accuracy through its Infinity Platform, with industry-leading catch rates enabling proactive threat anticipation and smarter, faster response times. The comprehensive platform includes cloud-delivered technologies consisting of Check Point Harmony to secure the workspace, Check Point CloudGuard to secure the cloud, Check Point Quantum to secure the network, and Check Point Infinity Core Services for collaborative security operations and services.

Legal Notice Regarding Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements in this press release include, but are not limited to, expectations regarding our utilization of the new expanded share repurchase program and our intention to continue to repurchase our shares. Our expectations and beliefs regarding these matters may not materialize, and actual results or events in the future are subject to risks and uncertainties that could cause actual results or events to differ materially from those projected. These risks include our ability to continue to develop platform capabilities and solutions; customer acceptance and purchase of our existing solutions and new solutions; the market for IT security continuing to develop; issues in the development and deployment of AI; competition from other products and services; appointments and departures of our executive officers; and general market, political, economic, and business conditions, including acts of terrorism or war. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 31, 2026. The forward-looking statements in this press release are based on information available to Check Point as of the date hereof, and Check Point disclaims any obligation to update any forward-looking statements, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/check-point-software-technologies-announces-2-0-billion-expansion-of-share-repurchase-authorization-302768150.html

SOURCE Check Point Software Technologies

FAQ

What did Check Point (NASDAQ: CHKP) announce on May 11, 2026 about its share repurchase program?

Check Point announced a $2.0 billion expansion of its ongoing share repurchase authorization. According to Check Point, the updated plan extends the existing program and allows purchases over time through open-market or privately negotiated transactions, depending on market conditions and other factors.

How large is Check Point's updated CHKP share repurchase authorization and how will it be funded?

The updated authorization adds $2.0 billion for share repurchases. According to Check Point, the company expects to fund the buybacks from available working capital, giving it flexibility to return capital to shareholders without committing to a specific number of shares.

How many Check Point (CHKP) shares have been repurchased under the program so far?

Check Point has repurchased about 230 million shares under its share repurchase program. According to Check Point, these shares were bought for a total purchase price of approximately $17.4 billion, reflecting a long-running capital return strategy to shareholders.

What does the expanded $2.0 billion CHKP buyback mean for current shareholders?

The expanded authorization allows Check Point to continue repurchasing shares, which can reduce share count over time. According to Check Point, the actual timing and volume of repurchases will depend on market conditions, share price, trading volume, and other business considerations.

How and when can Check Point (CHKP) execute its expanded share repurchase program?

Check Point may repurchase shares in open-market trades, privately negotiated deals, or other methods. According to Check Point, it may also use a Rule 10b5-1 plan, and the program can be suspended, amended, or discontinued without requiring a specific number of shares.