Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives Average Rating of "Hold" from Analysts

Key Points

• Check Point Software Technologies Ltd. has an average analyst rating of "Hold" from 28 brokerages, with 17 holding, 10 buying, and 1 giving a strong buy rating.
• The company's stock price has been adjusted in recent reports, with target prices ranging from $200.00 to $230.00.
• Check Point's latest quarterly earnings exceeded expectations, reporting $2.37 earnings per share and a revenue of $665.20 million, marking a 6.0% year-over-year increase.

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) has received an average rating of "Hold" from the twenty-eight brokerages that are presently covering the company, Marketbeat.com reports. Seventeen investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $226.7917.

CHKP has been the subject of several recent analyst reports. Citigroup decreased their price objective on shares of Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating for the company in a research report on Monday, August 18th. Stephens decreased their price objective on shares of Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating for the company in a research report on Thursday, July 31st. Scotiabank set a $205.00 price objective on shares of Check Point Software Technologies and gave the stock a "sector perform" rating in a research report on Monday. UBS Group reduced their price target 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. Finally, Barclays set a $215.00 price target on shares of Check Point Software Technologies and gave the company an "equal weight" rating in a research report on Thursday, July 31st.

Institutional Investors Weigh In On Check Point Software Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its holdings in shares of Check Point Software Technologies by 184.4% in the first quarter. Assenagon Asset Management S.A. now owns 57,690 shares of the technology company's stock valued at $13,149,000 after buying an additional 37,407 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of Check Point Software Technologies in the first quarter valued at about $301,000. QRG Capital Management Inc. raised its holdings in shares of Check Point Software Technologies by 19.1% in the first quarter. QRG Capital Management Inc. now owns 2,442 shares of the technology company's stock valued at $557,000 after buying an additional 391 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Check Point Software Technologies by 15.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,937 shares of the technology company's stock valued at $899,000 after buying an additional 541 shares during the last quarter. Finally, Penserra Capital Management LLC raised its holdings in shares of Check Point Software Technologies by 5.6% in the first quarter. Penserra Capital Management LLC now owns 393,212 shares of the technology company's stock valued at $89,620,000 after buying an additional 20,812 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Down 1.3%

Check Point Software Technologies stock opened at $195.56 on Friday. The stock has a market cap of $21.51 billion, a P/E ratio of 25.46, a price-to-earnings-growth ratio of 2.98 and a beta of 0.60. The company has a fifty day simple moving average of $194.33 and a 200-day simple moving average of $210.78. Check Point Software Technologies has a 12-month low of $169.01 and a 12-month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.01. The business 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 company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.17 EPS. 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. As a group, sell-side analysts forecast that Check Point Software Technologies will post 8.61 earnings per share for the current fiscal year.

Check Point Software Technologies Company Profile

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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