Check Point Software Technologies Ltd. (NASDAQ:CHKP) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Check Point Software Technologies Ltd. (NASDAQ:CHKP) has an average analyst recommendation of "Hold," with 15 hold, 11 buy, and one strong buy ratings among 27 analysts.
• The average price target for CHKP shares among analysts is $227.58, with ranges varying from $193.00 to $240.00 based on different brokerage reports.
• Institutional investors own 98.51% of Check Point's stock, indicating strong confidence in the company's performance and future prospects.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) have received an average recommendation of "Hold" from the twenty-seven analysts that are currently covering the company, MarketBeat Ratings reports. Fifteen investment analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $227.5833.

Several equities research analysts have commented on CHKP shares. Cantor Fitzgerald set a $220.00 price objective on Check Point Software Technologies and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Royal Bank Of Canada lowered their price objective on Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 31st. Wells Fargo & Company lowered their price objective on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Citigroup lowered their price objective on Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating on the stock in a research report on Monday, August 18th. Finally, Jefferies Financial Group lowered their price objective on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fulton Bank N.A. boosted its holdings in Check Point Software Technologies by 3.2% in the second quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company's stock valued at $330,000 after purchasing an additional 46 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Check Point Software Technologies by 23.2% in the first quarter. Larson Financial Group LLC now owns 260 shares of the technology company's stock valued at $59,000 after purchasing an additional 49 shares during the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in Check Point Software Technologies by 2.6% in the second quarter. Sterling Investment Advisors Ltd. now owns 1,970 shares of the technology company's stock valued at $436,000 after purchasing an additional 50 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Check Point Software Technologies by 19.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock valued at $77,000 after purchasing an additional 55 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its holdings in Check Point Software Technologies by 5.2% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company's stock worth $244,000 after buying an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

NASDAQ:CHKP traded up $1.55 during midday trading on Tuesday, hitting $197.79. The company's stock had a trading volume of 2,200,945 shares, compared to its average volume of 624,075. Check Point Software Technologies has a fifty-two week low of $169.01 and a fifty-two week high of $234.35. The firm's 50 day moving average is $197.65 and its 200-day moving average is $213.22. The firm has a market cap of $21.75 billion, a P/E ratio of 25.75, a P/E/G ratio of 2.95 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The company had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. During the same quarter in the prior year, the company earned $2.17 EPS. Check Point Software Technologies's quarterly revenue was up 6.0% on a year-over-year basis. 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, analysts forecast that Check Point Software Technologies will post 8.61 EPS for the current 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.