Key Facts on Sphera Management’s Exit from Check Point Software
On February 17, 2026, Sphera Management Technology Funds Ltd reported an exit from its position in Check Point Software Technologies (NASDAQ: CHKP) by selling 15,000 shares during the fourth quarter, with an estimated trade value of approximately $3.10 million. This exit resulted in a complete reduction of its Check Point position, which previously accounted for about 1% of the fund’s assets under management (AUM). Following this transaction, Sphera’s position value dropped by $3.10 million.
As of February 17, 2026, Check Point’s shares were priced at $165.02, reflecting a 25.1% decline over the past year and trailing the S&P 500 by 37.61 percentage points. The company’s market capitalization is reported at $17.72 billion, with revenue of $2.73 billion and net income of $1.06 billion for the trailing twelve months (TTM).
Check Point had only experienced a 6% yearly revenue increase in 2025, which is significantly lower compared to competitors such as CrowdStrike and Palo Alto Networks. This underperformance, combined with increased competition in the cybersecurity space, may have contributed to Sphera’s decision to reallocate its investment capital.
