Morgan Stanley Issues Pessimistic Forecast for Check Point Software Technologies (NASDAQ:CHKP) Stock Price

Key Points

• Morgan Stanley has lowered its price target for Check Point Software Technologies from $215.00 to $193.00, maintaining an "equal weight" rating, indicating a potential downside of 0.07% from the company's previous close.
• The company's recent quarterly earnings showed a 6.0% increase in revenue year-over-year, reaching $665.20 million, and a slight earnings per share beat of $2.37 against analysts' estimate of $2.36.
• Check Point Software Technologies is seeing significant investment activity, with approximately 98.51% of the stock owned by hedge funds and institutional investors, highlighting strong confidence from large investors.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) had its target price cut by Morgan Stanley from $215.00 to $193.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the technology company's stock. Morgan Stanley's price objective suggests a potential upside of 1.17% from the company's previous close.

Several other analysts have also weighed in on the company. Jefferies Financial Group lowered their price objective on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a report on Thursday, July 31st. Scotiabank decreased their target price on Check Point Software Technologies from $240.00 to $220.00 and set a "sector outperform" rating for the company in a research note on Thursday, July 31st. Stifel Nicolaus set a $200.00 target price on Check Point Software Technologies in a research note on Wednesday, July 30th. Wells Fargo & Company decreased their target price 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. Finally, Stephens decreased their target price on Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $227.58.

Check Point Software Technologies Trading Down 0.4%

Check Point Software Technologies stock traded down $0.70 during midday trading on Tuesday, hitting $190.77. The stock had a trading volume of 645,199 shares, compared to its average volume of 795,473. The stock has a market cap of $20.98 billion, a P/E ratio of 24.84, a P/E/G ratio of 2.88 and a beta of 0.60. Check Point Software Technologies has a 12 month low of $169.01 and a 12 month high of $234.35. The business has a fifty day moving average price of $203.30 and a 200 day moving average price of $214.97.

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

Institutional Investors Weigh In On Check Point Software Technologies

A number of institutional investors have recently added to or reduced their stakes in CHKP. Legacy Investment Solutions LLC acquired a new stake in Check Point Software Technologies in the second quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new stake in Check Point Software Technologies in the fourth quarter worth approximately $29,000. Horizon Investments LLC lifted its position in Check Point Software Technologies by 116.4% in the first 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 period. Cromwell Holdings LLC acquired a new stake in Check Point Software Technologies in the first quarter worth approximately $37,000. Finally, Abound Financial LLC acquired a new stake in Check Point Software Technologies in the first quarter worth approximately $40,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

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.