Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives $230.48 Average PT from Brokerages

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been given an average recommendation of “Hold” by the twenty-seven ratings firms that are covering the company, Marketbeat.com reports. Fifteen analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $230.4783.

A number of equities analysts recently issued reports on CHKP shares. Jefferies Financial Group decreased their price objective on Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Stephens decreased their price target on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating for the company in a research note on Thursday, July 31st. Morgan Stanley set a $212.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 29th. Weiss Ratings raised shares of Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, October 30th. Finally, Barclays raised their target price on shares of Check Point Software Technologies from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 29th.

Institutional Investors Weigh In On Check Point Software Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHKP. Legacy Investment Solutions LLC bought a new position in Check Point Software Technologies during the 2nd quarter valued at $25,000. Louisbourg Investments Inc. acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at $29,000. Horizon Investments LLC boosted its stake in Check Point Software Technologies by 116.4% during the first quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after buying an additional 85 shares in the last quarter. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies during the first quarter worth about $37,000. Finally, First Horizon Corp bought a new stake in Check Point Software Technologies in the third quarter worth about $38,000. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 1.9%

CHKP stock opened at $200.29 on Wednesday. The stock has a market cap of $22.03 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.97 and a beta of 0.58. The firm’s 50-day simple moving average is $197.07 and its 200 day simple moving average is $207.26. Check Point Software Technologies has a fifty-two week low of $170.99 and a fifty-two week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, topping the consensus estimate of $2.45 by $1.49. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The firm had revenue of $677.50 million during the quarter, compared to analysts’ expectations of $673.60 million. During the same quarter in the prior year, the firm earned $2.25 EPS. Check Point Software Technologies’s quarterly revenue was up 6.7% on a year-over-year basis. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS. Q4 2025 guidance at 2.700-2.800 EPS. Equities analysts forecast that Check Point Software Technologies will post 8.61 EPS for the current fiscal year.

About Check Point Software Technologies

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.