Check Point Software Technologies (NASDAQ:CHKP) Given a $220.00 Price Target by Cantor Fitzgerald Analysts

Key Points

• Cantor Fitzgerald has reduced the price target for Check Point Software Technologies from $230.00 to $220.00 while maintaining a "neutral" rating, suggesting a potential upside of 16.22% from its current price.
• Multiple firms have varying ratings and price targets for the stock, with the average target currently at $236.08, indicating a "Moderate Buy" consensus among analysts.
• Check Point Software Technologies reported $2.37 earnings per share for the latest quarter, beating estimates and reflecting a year-over-year revenue increase of 6.0%.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) has been given a $220.00 target price by equities research analysts at Cantor Fitzgerald in a research note issued to investors on Thursday, MarketBeat reports. The firm currently has a "neutral" rating on the technology company's stock. Cantor Fitzgerald's target price suggests a potential upside of 16.89% from the company's current price. Cantor Fitzgerald also issued estimates for Check Point Software Technologies' FY2025 earnings at $8.60 EPS and FY2026 earnings at $9.39 EPS.

Other research analysts also recently issued research reports about the stock. Morgan Stanley decreased their price objective on shares of Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Wedbush reiterated an "outperform" rating and issued a $240.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, April 24th. Stephens decreased their price objective on shares of Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company reduced their price target on shares of Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Roth Capital started coverage on shares of Check Point Software Technologies in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 price target for the company. Fifteen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $228.08.

Check Point Software Technologies Trading Down 0.4%

Shares of Check Point Software Technologies stock traded down $0.69 on Thursday, hitting $188.21. 1,088,993 shares of the company traded hands, compared to its average volume of 1,122,724. The company has a market cap of $20.70 billion, a PE ratio of 24.51, a PEG ratio of 2.84 and a beta of 0.59. The stock's 50 day moving average price is $219.04 and its 200-day moving average price is $218.19. Check Point Software Technologies has a 52 week low of $169.01 and a 52 week high of $234.35.

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 analysts' consensus estimates 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 firm had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. During the same period in the previous year, the company earned $2.17 earnings per share. The business's quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts anticipate that Check Point Software Technologies will post 8.61 EPS for the current fiscal year.

Institutional Trading of Check Point Software Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in shares of Check Point Software Technologies in the second quarter valued at about $25,000. Nemes Rush Group LLC acquired a new position in Check Point Software Technologies during the fourth quarter worth approximately $25,000. Capital A Wealth Management LLC acquired a new position in Check Point Software Technologies during the fourth quarter worth approximately $29,000. Horizon Investments LLC grew its stake in Check Point Software Technologies by 116.4% during the first quarter. Horizon Investments LLC now owns 158 shares of the technology company's stock worth $36,000 after buying an additional 85 shares during the period. Finally, Cromwell Holdings LLC purchased a new stake in Check Point Software Technologies during the first quarter worth approximately $37,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

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.