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

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) has been given an average recommendation of "Hold" by the twenty-seven analysts that are presently covering the firm, Marketbeat Ratings reports. Fifteen investment analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $227.5833.

CHKP has been the topic of several analyst reports. Barclays set a $215.00 price objective on Check Point Software Technologies and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Morgan Stanley reduced their price target on Check Point Software Technologies from $215.00 to $193.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 2nd. Mizuho boosted their price target on Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a report on Monday, June 16th. Scotiabank reduced their price target on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating on the stock in a report on Thursday, July 31st. Finally, UBS Group reduced their price target on Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating on the stock in a report on Thursday, July 31st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CHKP. Nuveen Asset Management LLC grew its holdings in shares of Check Point Software Technologies by 25.8% during the 4th quarter. Nuveen Asset Management LLC now owns 321,823 shares of the technology company's stock worth $60,084,000 after acquiring an additional 66,078 shares during the period. Raiffeisen Bank International AG bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $198,000. Snowden Capital Advisors LLC boosted its position in shares of Check Point Software Technologies by 36.9% in the 4th quarter. Snowden Capital Advisors LLC now owns 2,261 shares of the technology company's stock worth $422,000 after purchasing an additional 609 shares in the last quarter. State of Wyoming boosted its position in shares of Check Point Software Technologies by 3.2% in the 4th quarter. State of Wyoming now owns 2,161 shares of the technology company's stock worth $403,000 after purchasing an additional 66 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in shares of Check Point Software Technologies by 1.1% in the 4th quarter. Two Sigma Advisers LP now owns 17,600 shares of the technology company's stock worth $3,286,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Up 1.4%

Shares of CHKP stock opened at $198.00 on Tuesday. The business has a 50-day moving average price of $199.74 and a two-hundred day moving average price of $213.78. Check Point Software Technologies has a 12-month low of $169.01 and a 12-month high of $234.35. The firm has a market cap of $21.78 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 2.93 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 (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The firm had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. During the same quarter in the previous year, the company posted $2.17 earnings per share. The company's revenue was up 6.0% compared to the same quarter last year. 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, research analysts expect that Check Point Software Technologies will post 8.61 EPS 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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