Check Point (NASDAQ: CHKP) adds $2.0B to ongoing share repurchase plan
Rhea-AI Filing Summary
Check Point Software Technologies announced that its board has approved a $2.0 billion expansion of the company’s ongoing share repurchase program. As of March 31, 2026, the company had approximately 104,027,807 ordinary shares outstanding and has cumulatively repurchased about 230 million shares for roughly $17.4 billion. The expanded authorization allows repurchases over time through open-market or privately negotiated transactions, may be executed under a Rule 10b5-1 plan, and can be suspended, amended, or discontinued. Repurchases are expected to be funded from available working capital.
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Insights
Check Point adds $2.0B to its long-running share buyback program.
Check Point has authorized an additional $2.0 billion for its ongoing share repurchase program. This follows cumulative repurchases of about 230 million shares for roughly $17.4 billion, highlighting a long-term pattern of returning cash to shareholders via buybacks.
As of March 31, 2026, the company reported 104,027,807 ordinary shares outstanding. The filing notes that the timing, number and value of shares repurchased will depend on market conditions, share price, trading volume and other factors, so actual execution remains flexible.
The authorization permits open-market and privately negotiated transactions and may use a Rule 10b5-1 trading plan, which can automate purchases over time. The company expects to fund the program from available working capital, indicating it intends to use existing cash resources rather than dedicated new financing.
Key Figures
Key Terms
Rule 10b5-1 regulatory
working capital financial
forward-looking statements regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the Month of May 2026
Commission File Number 0-28584
Check Point Software Technologies Ltd.
(Translation of registrant’s name into English)
5 Shlomo Kaplan Street, Tel Aviv, Israel
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
This Form 6-K is incorporated by reference into the Registrant’s Form S-8 File Nos. 333-132954, 333-207335, 333-211113, 333-228075, 333-235322, 333-240141, 333-276518, 333-278473, 333-285866, 333-290131 and 333-294763.
Exhibit
| Exhibit 99.1 | Press Release of the Company, dated May 11, 2026, “Check Point Software Technologies Announces $2.0 Billion Expansion of Share Repurchase Authorization”. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Check Point Software Technologies Ltd.
| By: | /S/ Shira Yashar |
| Name: | Shira Yashar |
| Title: | General Counsel |
Date: May 11, 2026
Exhibit
| Exhibit 99.1 | Press Release of the Company, dated May 11, 2026, “Check Point Software Technologies Announces $2.0 Billion Expansion of Share Repurchase Authorization”. |
Exhibit 99.1
| INVESTOR CONTACT: Kip E. Meintzer Check Point Software +1.650.628.2040 ir@checkpoint.com |
MEDIA CONTACT: Gil Messing Check Point Software +1.650.628.2260 press@checkpoint.com |
Check Point Software Technologies Announces $2.0 Billion Expansion of Share Repurchase Authorization
Redwood City, CA – Monday, May 11, 2026 – 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.