Check Point Software Technologies (NASDAQ:CHKP) Given New $200.00 Price Target at Citigroup

Key Points

• Citigroup has lowered its target price for Check Point Software Technologies' stock from $230.00 to $200.00, while maintaining a "neutral" rating, suggesting a potential upside of 6.44% from the previous close.
• Check Point Software Technologies has an average rating of "Moderate Buy" among analysts, with a consensus target price of $228.50.
• The company's stock recently traded at $187.90 and has shown a price-to-earnings ratio of 24.46, with a market capitalization of approximately $20.67 billion.

Check Point Software Technologies (NASDAQ:CHKP - Free Report) had its target price cut by Citigroup from $230.00 to $200.00 in a report issued on Monday morning,Benzinga reports. They currently have a neutral rating on the technology company's stock.

Other research analysts have also recently issued research reports about the stock. Mizuho raised their target price on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. Barclays set a $215.00 price target on shares of Check Point Software Technologies and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Jefferies Financial Group decreased their price objective on shares of Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating on the stock in a research report on Thursday, July 31st. Stifel Nicolaus set a $200.00 target price on shares of Check Point Software Technologies in a report on Wednesday, July 30th. Finally, Morgan Stanley cut their target price on Check Point Software Technologies from $230.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 31st. One equities 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $228.50.

Check Point Software Technologies Stock Up 1.1%

NASDAQ:CHKP traded up $2.01 during midday trading on Monday, hitting $190.42. The company had a trading volume of 668,144 shares, compared to its average volume of 934,356. The company has a market capitalization of $20.94 billion, a PE ratio of 24.79, a P/E/G ratio of 2.85 and a beta of 0.59. Check Point Software Technologies has a 52-week low of $169.01 and a 52-week high of $234.35. The stock's fifty day moving average price is $209.07 and its 200-day moving average price is $216.78.

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 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.01. The business had revenue of $665.20 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business 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. As a group, research analysts forecast that Check Point Software Technologies will post 8.61 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Fulton Bank N.A. grew its stake in Check Point Software Technologies by 3.2% in the second quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company's stock worth $330,000 after purchasing an additional 46 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Check Point Software Technologies by 23.2% during the 1st quarter. Larson Financial Group LLC now owns 260 shares of the technology company's stock valued at $59,000 after buying an additional 49 shares in the last quarter. Sterling Investment Advisors Ltd. grew its position in shares of Check Point Software Technologies by 2.6% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 1,970 shares of the technology company's stock worth $436,000 after buying an additional 50 shares during the period. TD Waterhouse Canada Inc. increased its stake in shares of Check Point Software Technologies by 1.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock worth $578,000 after acquiring an additional 52 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Check Point Software Technologies by 19.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock valued at $77,000 after acquiring an additional 55 shares during the period. 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.