Check Point Software Technologies (NASDAQ:CHKP) Stock Rating Upgraded by Roth Capital

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) was upgraded by research analysts at Roth Capital to a "hold" rating in a note issued to investors on Tuesday, April 22nd,Zacks.com reports. Roth Capital also issued estimates for Check Point Software Technologies' Q1 2025 earnings at $1.86 EPS, Q2 2025 earnings at $2.03 EPS, Q3 2025 earnings at $2.09 EPS, Q4 2025 earnings at $2.55 EPS, FY2025 earnings at $8.53 EPS, Q1 2026 earnings at $2.11 EPS, Q2 2026 earnings at $2.29 EPS, Q3 2026 earnings at $2.37 EPS, Q4 2026 earnings at $2.72 EPS and FY2026 earnings at $9.48 EPS.

CHKP has been the topic of several other research reports. Cantor Fitzgerald restated a "neutral" rating and set a $200.00 price target on shares of Check Point Software Technologies in a research note on Monday, January 27th. Wells Fargo & Company upgraded shares of Check Point Software Technologies from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $200.00 to $280.00 in a research note on Friday, March 14th. Piper Sandler upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their target price for the company from $220.00 to $260.00 in a research note on Monday, March 3rd. StockNews.com lowered shares of Check Point Software Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Finally, The Goldman Sachs Group lowered shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and raised their target price for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Eighteen research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $232.04.

Check Point Software Technologies Trading Up 0.5 %

CHKP stock traded up $1.10 during midday trading on Tuesday, reaching $213.51. The company had a trading volume of 164,617 shares, compared to its average volume of 772,061. Check Point Software Technologies has a 1 year low of $145.75 and a 1 year high of $234.36. The company has a market capitalization of $23.48 billion, a P/E ratio of 28.59, a PEG ratio of 3.41 and a beta of 0.62. The company has a 50 day moving average of $220.24 and a two-hundred day moving average of $201.98.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The company had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. During the same quarter in the prior year, the firm earned $2.04 EPS. The company's revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Check Point Software Technologies will post 8.61 earnings per share for the current year.

Institutional Investors Weigh In On Check Point Software Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of CHKP. Norges Bank bought a new position in Check Point Software Technologies in the 4th quarter valued at $428,820,000. Causeway Capital Management LLC boosted its position in Check Point Software Technologies by 33.8% in the 4th quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock valued at $360,257,000 after buying an additional 487,823 shares during the last quarter. First Trust Advisors LP boosted its position in Check Point Software Technologies by 17.4% in the 4th quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company's stock valued at $340,314,000 after buying an additional 269,925 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Check Point Software Technologies by 2.8% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company's stock valued at $384,591,000 after buying an additional 46,713 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Check Point Software Technologies by 10.6% in the 4th quarter. Ameriprise Financial Inc. now owns 1,429,724 shares of the technology company's stock valued at $266,930,000 after buying an additional 136,699 shares during the last quarter. 98.51% of the stock is 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.