Correspondence 0001178913-23-002262 from CHECK POINT SOFTWARE TECHNOLOGIES LTD (CHKP) (CIK 0001015922) (CHKP)
CHECK POINT SOFTWARE TECHNOLOGIES LTD (CHKP) (CIK 0001015922)
Date: June 21, 2023 · CIK: 0001015922 · Accession: 0001178913-23-002262
AI Filing Summary & Sentiment
File numbers found in text: 000-28584
Referenced dates: June 8, 2023
Letter
VIA EDGAR United States Securities and Exchange Commission Division of Corporate Finance, Office of Technology Re: Check Point Software Technologies Ltd. Form 20-F for the year ended December 31, 2022 Filed April 27, 2023 File No. 000-28584
Dear Ms. Laura Veator and Mr. Stephen Krikorian:
Check Point Software Technologies Ltd. (the “Company”) provides the following information in response to the comment contained in the correspondence of the staff (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”), dated June 8, 2023, relating to the aforementioned Form 20-F. For reference purposes, the text of your letter dated June 8, 2023, has been reproduced herein (in bold), with the Company’s response below.
Form 20-F for the Fiscal Year ended December 31, 2022
Consolidated Financial Statements
Notes to Consolidated Financial Statements
Note 4, Cash and Cash Equivalents, Short-Term Bank Deposits and Marketable Securities, Page F-28
1.
Please provide us with a breakdown of your marketable securities by the following categories, for each period presented. Please also revise your future 20-F filings to include this information. We refer you to ASC 320-10-50-1B.
•
Debt securities issued by the U.S. Treasury and other U.S. government agencies
•
Debt securities issued by other governments
•
Corporate debt securities
June 21, 2023
Page 2
Response:
We acknowledge the Staff’s comment and respectfully advise the Staff that we have provided below a breakdown of our marketable securities for each category requested by the Staff and for each period presented. We further respectfully advise the Staff that we will include this information in our future Form 20-F filings.
In Million USD
December 31,
Marketable securities:
Debt securities issued by the U.S. Treasury and other U.S. government agencies
819.3
883.9
Debt securities issued by other governments
118.3
114.0
Corporate debt securities
1,938.5
2,021.1
Total Marketable securities
2,876.1
3,019.0
If you have any questions or comments with respect to the foregoing, please contact the undersigned at (972) 547716704 or by email at roeego@checkpoint.com, or Rezwan D. Pavri of Wilson Sonsini Goodrich & Rosati, P.C., at (650) 565-3574 or by email at rpavri@wsgr.com.
Sincerely,
Check Point Software Technologies Ltd.
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CORRESP
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filename1.htm
June 21, 2023
VIA EDGAR
Ms. Laura Veator
Mr. Stephen Krikorian
United States Securities and Exchange Commission
Division of Corporate Finance, Office of Technology
100 F Street, NE
Washington, D.C. 20549
Re: Check Point Software Technologies Ltd.
Form 20-F for the year ended December 31, 2022
Filed April 27, 2023
File No. 000-28584
Dear Ms. Laura Veator and Mr. Stephen Krikorian:
Check Point Software Technologies Ltd. (the “Company”) provides the following information in response to the
comment contained in the correspondence of the staff (the “Staff”) of the U.S. Securities and Exchange Commission (the “Commission”), dated June 8, 2023, relating to the aforementioned Form 20-F. For reference purposes, the text of your letter
dated June 8, 2023, has been reproduced herein (in bold), with the Company’s response below.
Form 20-F for the Fiscal Year ended December 31, 2022
Consolidated Financial Statements
Notes to Consolidated Financial Statements
Note 4, Cash and Cash Equivalents, Short-Term Bank Deposits and Marketable Securities,
Page F-28
1.
Please provide us with a breakdown of your marketable securities by the following categories, for each period presented. Please also
revise your future 20-F filings to include this information. We refer you to ASC 320-10-50-1B.
•
Debt securities issued by the U.S. Treasury and other U.S. government agencies
•
Debt securities issued by other governments
•
Corporate debt securities
June 21, 2023
Page 2
Response:
We acknowledge the Staff’s comment and respectfully advise the Staff that we have
provided below a breakdown of our marketable securities for each category requested by the Staff and for each period presented. We further respectfully advise the Staff that we will include this information in our future Form 20-F filings.
In Million USD
December 31,
2022
2021
Marketable securities:
Debt securities issued by the U.S. Treasury and other U.S. government agencies
819.3
883.9
Debt securities issued by other governments
118.3
114.0
Corporate debt securities
1,938.5
2,021.1
Total Marketable securities
2,876.1
3,019.0
If you have any questions or
comments with respect to the foregoing, please contact the undersigned at (972) 547716704 or by email at roeego@checkpoint.com, or Rezwan D. Pavri of Wilson Sonsini Goodrich & Rosati, P.C., at (650) 565-3574 or by email at rpavri@wsgr.com.
Sincerely,
Check Point Software Technologies Ltd.
By:
/s/ Roei Golan
Roei Golan
Chief Financial Officer
cc: Shira Yashar, Check Point Software Technologies Ltd.
Rezwan D. Pavri, Wilson Sonsini Goodrich & Rosati, P.C.
Tuvia J. Geffen, Naschitz, Brandes, Amir & Co.
Eldan Levy, Kost,
Forer, Gabbay & Kasierer, a Member of EY Global