Check Point Software Technologies (NASDAQ:CHKP) Rating Lowered to "Neutral" at Bank of America

Key Points

• Bank of America downgraded Check Point Software (NASDAQ:CHKP) from "buy" to "neutral" and set a $120 price target, implying about a 4.8% upside from the prior close.
• Analyst consensus leans toward Hold: 8 Buys, 15 Holds and 2 Sells with a MarketBeat average price target of $149.38, and several firms (including Piper Sandler and Cantor Fitzgerald) recently trimmed ratings or targets.
• Recent results and guidance: CHKP reported Q1 EPS of $2.50 (beat estimates) with revenue slightly below expectations, and issued FY2026 EPS guidance of 10.05–10.85 (Q2 guidance 2.40–2.50); shares trade near $114.51 within a 12‑month range of $112.23–$233.78.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) was downgraded by analysts at Bank of America from a "buy" rating to a "neutral" rating in a research report issued to clients and investors on Monday. They currently have a $120.00 price objective on the technology company's stock. Bank of America's price objective points to a potential upside of 4.79% from the stock's previous close.

CHKP has been the subject of several other reports. Piper Sandler lowered Check Point Software Technologies from an "overweight" rating to a "neutral" rating and set a $120.00 price target for the company. in a research report on Thursday. Robert W. Baird set a $220.00 price target on Check Point Software Technologies in a research report on Friday, February 13th. Truist Financial set a $150.00 price target on Check Point Software Technologies in a research report on Thursday. Cantor Fitzgerald reduced their price objective on shares of Check Point Software Technologies from $190.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, April 21st. Finally, Evercore set a $185.00 price objective on shares of Check Point Software Technologies in a research note on Friday, February 13th. Eight equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $149.38.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $114.51 on Monday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $146.93 and a two-hundred day simple moving average of $173.06. The firm has a market cap of $12.09 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 2.53 and a beta of 0.43. Check Point Software Technologies has a twelve month low of $112.23 and a twelve month high of $233.78.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The technology company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.42 by $0.08. The firm had revenue of $668.40 million during the quarter, compared to analyst estimates of $672.55 million. Check Point Software Technologies had a return on equity of 38.40% and a net margin of 38.37%.The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 EPS. Check Point Software Technologies has set its FY 2026 guidance at 10.050-10.850 EPS and its Q2 2026 guidance at 2.400-2.500 EPS. Analysts expect that Check Point Software Technologies will post 8.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Check Point Software Technologies

Hedge funds have recently bought and sold shares of the business. Abound Financial LLC purchased a new position in Check Point Software Technologies during the fourth quarter worth approximately $27,000. Measured Wealth Private Client Group LLC purchased a new position in Check Point Software Technologies during the third quarter worth approximately $27,000. MV Capital Management Inc. purchased a new position in Check Point Software Technologies during the fourth quarter worth approximately $28,000. Ascentis Independent Advisors purchased a new position in Check Point Software Technologies during the first quarter worth approximately $30,000. Finally, Ossiam lifted its position in Check Point Software Technologies by 139.1% during the third quarter. Ossiam now owns 165 shares of the technology company's stock worth $34,000 after buying an additional 96 shares in the last quarter. 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. is an Israeli-founded cybersecurity company that develops, markets and supports a broad portfolio of network, cloud and endpoint security products. Founded in 1993, the company was an early pioneer of stateful inspection firewall technology and later developed a modular “software blade” approach that allowed customers to combine protection capabilities. Check Point's product set spans physical and virtual security appliances, software and cloud-native services designed to prevent cyberattacks, protect data and simplify security management for enterprises and service providers.

Key product families include Quantum Security Gateways (on-premises and hybrid appliances), CloudGuard (cloud security posture and workload protection), Harmony (endpoint, remote access and unified endpoint security), and SandBlast (advanced threat prevention and sandboxing).

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