Check Point Software Technologies (NASDAQ:CHKP) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• Check Point Software Technologies' stock has been assigned a "hold (C+)" rating by Weiss Ratings, indicating mixed sentiments from analysts.
• JPMorgan Chase lowered its price target for Check Point from $257.00 to $251.00 while maintaining an "overweight" rating, reflecting a cautious outlook on the stock's performance.
• The company reported earnings of $2.37 per share, slightly above analyst expectations, and experienced a 6% increase in revenue year-over-year, with a targeted EPS guidance for FY 2025 set between 9.600-10.200.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report)'s stock had its "hold (c+)" rating restated by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other brokerages also recently issued reports on CHKP. JPMorgan Chase & Co. lowered their price objective on Check Point Software Technologies from $257.00 to $251.00 and set an "overweight" rating for the company in a research report on Wednesday, September 24th. Scotiabank set a $205.00 target price on Check Point Software Technologies and gave the stock a "sector perform" rating in a research note on Monday. Wells Fargo & Company reduced their price objective on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating for the company in a research note on Thursday, July 31st. Citigroup reduced their price objective on Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. Finally, Royal Bank Of Canada reduced their price objective on Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating for the company in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and seventeen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $226.79.

Check Point Software Technologies Price Performance

CHKP traded up $0.56 during trading on Wednesday, hitting $201.00. The stock had a trading volume of 769,691 shares, compared to its average volume of 793,246. The company has a 50 day moving average price of $193.66 and a 200-day moving average price of $211.30. The firm has a market cap of $22.11 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 3.02 and a beta of 0.60. Check Point Software Technologies has a one year low of $169.01 and a one year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results 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. 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 the consensus estimate of $663.10 million. During the same period in the prior year, the company posted $2.17 EPS. 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, sell-side analysts predict that Check Point Software Technologies will post 8.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Check Point Software Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHKP. Park Avenue Securities LLC grew its position in Check Point Software Technologies by 3.8% during the first quarter. Park Avenue Securities LLC now owns 8,699 shares of the technology company's stock worth $1,983,000 after buying an additional 316 shares in the last quarter. Capital Investment Advisors LLC bought a new position in Check Point Software Technologies during the 1st quarter valued at approximately $224,000. Portside Wealth Group LLC raised its position in Check Point Software Technologies by 53.1% during the 1st quarter. Portside Wealth Group LLC now owns 1,794 shares of the technology company's stock valued at $409,000 after purchasing an additional 622 shares during the last quarter. Daymark Wealth Partners LLC bought a new position in shares of Check Point Software Technologies in the 1st quarter worth approximately $452,000. Finally, Integrated Advisors Network LLC raised its position in shares of Check Point Software Technologies by 15.2% in the 1st quarter. Integrated Advisors Network LLC now owns 1,248 shares of the technology company's stock worth $284,000 after acquiring an additional 165 shares in the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

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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