Check Point Software Technologies' (CHKP) "Neutral" Rating Reaffirmed at Cantor Fitzgerald

Key Points

• Check Point Software Technologies' stock has a "neutral" rating reaffirmed by Cantor Fitzgerald with a price target of $220.00, indicating an 11.82% potential upside from its previous close.
• The company reported a quarterly earnings per share of $2.37, slightly above the analysts' expectations, with revenue of $665.20 million, marking a 6% year-over-year increase.
• Overall, Check Point has a consensus rating of "Hold" from analysts, with one "Strong Buy," ten "Buy," and seventeen "Hold" ratings assigned to the stock.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report)'s stock had its "neutral" rating reaffirmed by investment analysts at Cantor Fitzgerald in a research note issued on Wednesday,Benzinga reports. They presently have a $220.00 price objective on the technology company's stock. Cantor Fitzgerald's target price would suggest a potential upside of 11.82% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus set a $200.00 price target on shares of Check Point Software Technologies in a report on Wednesday, July 30th. Wells Fargo & Company lowered their price target on shares of Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a report on Thursday, July 31st. Royal Bank Of Canada lowered their price target on shares of Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating for the company in a report on Thursday, July 31st. Weiss Ratings restated a "hold (c+)" rating on shares of Check Point Software Technologies in a research report on Wednesday, October 8th. Finally, UBS Group reduced their price objective on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $227.00.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $196.75 on Wednesday. The stock has a market capitalization of $21.64 billion, a P/E ratio of 25.62, a price-to-earnings-growth ratio of 2.91 and a beta of 0.60. The company has a 50 day moving average price of $195.29 and a 200 day moving average price of $209.01. Check Point Software Technologies has a fifty-two week low of $169.01 and a fifty-two week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.01. The firm had revenue of $665.20 million during the quarter, compared to analysts' expectations of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.17 earnings per share. Check Point Software Technologies has set its FY 2025 guidance at 9.600-10.200 EPS. Q3 2025 guidance at 2.400-2.500 EPS. On average, research analysts forecast that Check Point Software Technologies will post 8.61 EPS for the current fiscal year.

Institutional Trading of Check Point Software Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new position in Check Point Software Technologies in the 2nd quarter valued at $25,000. Louisbourg Investments Inc. acquired a new position in Check Point Software Technologies in the 3rd quarter valued at $29,000. Horizon Investments LLC increased its stake in Check Point Software Technologies by 116.4% in the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock valued at $36,000 after buying an additional 85 shares during the period. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies in the 1st quarter valued at $37,000. Finally, Abound Financial LLC acquired a new position in Check Point Software Technologies in the 1st quarter valued at $40,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

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.

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