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

Key Points

• Check Point Software Technologies has received a consensus rating of "Hold" from 27 analysts, with 15 hold recommendations, 11 buy recommendations, and one strong buy recommendation.
• The average 12-month price target for Check Point shares is $228.50, although brokerages have recently adjusted target prices, with some decreasing them significantly.
• Large institutional investors currently hold a significant stake in the company, owning 98.51% of its stock, indicating strong institutional confidence in Check Point.

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) has earned an average recommendation of "Hold" from the twenty-seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Fifteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $228.50.

CHKP has been the subject of a number of research analyst reports. Citigroup cut their price target on shares of Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating for the company in a report on Monday, August 18th. Barclays set a $215.00 target price on shares of Check Point Software Technologies and gave the company an "equal weight" rating in a report on Thursday, July 31st. Scotiabank dropped their target price on shares of Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a report on Thursday, July 31st. Royal Bank Of Canada dropped their target price 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. Finally, UBS Group dropped their target price on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating for the company in a report on Thursday, July 31st.

Hedge Funds Weigh In On Check Point Software Technologies

Several hedge funds have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter worth about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter worth about $29,000. Horizon Investments LLC boosted its stake in shares of Check Point Software Technologies by 116.4% during the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock worth $36,000 after purchasing an additional 85 shares during the last quarter. Cromwell Holdings LLC acquired a new stake in shares of Check Point Software Technologies during the 1st quarter worth about $37,000. Finally, Quarry LP boosted its stake in shares of Check Point Software Technologies by 100.0% during the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after purchasing an additional 103 shares during the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Up 1.6%

Shares of CHKP traded up $3.05 during trading hours on Friday, reaching $190.67. The company had a trading volume of 531,267 shares, compared to its average volume of 1,232,349. The firm has a 50 day simple moving average of $206.65 and a 200-day simple moving average of $216.11. The company has a market capitalization of $20.97 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.82 and a beta of 0.59. 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 announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.01. The business had revenue of $665.20 million during the quarter, compared to the consensus estimate 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 revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Sell-side analysts forecast that Check Point Software Technologies will post 8.61 earnings per share for the current 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.