Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Check Point Software Technologies, with 19 hold ratings and 9 buys among 28 analysts. The average 12-month price target is approximately $149.67.
• Check Point’s latest quarterly results beat expectations, with EPS of $2.55 versus the $2.45 estimate, while revenue of $673.6 million was slightly below forecasts and increased 1.3% year over year.
• The stock opened at $138.91, and institutional investors own a substantial 98.51% of shares. Chief Revenue Officer Sherif Seddik also sold 10,272 shares under a pre-arranged trading plan.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) have received an average rating of "Hold" from the twenty-eight research firms that are presently covering the company, Marketbeat reports. Nineteen equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $149.6667.

Several research firms have commented on CHKP. TD Cowen reaffirmed a "buy" rating on shares of Check Point Software Technologies in a research note on Thursday, July 30th. Citigroup upped their target price on Check Point Software Technologies from $125.00 to $130.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Raymond James Financial downgraded Check Point Software Technologies from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 15th. Stifel Nicolaus raised their price target on Check Point Software Technologies from $120.00 to $130.00 and gave the stock a "hold" rating in a research note on Friday, July 31st. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $150.00 price target on shares of Check Point Software Technologies in a report on Thursday, July 23rd.

Check Point Software Technologies Trading Up 0.4%

Check Point Software Technologies stock opened at $138.91 on Tuesday. The stock has a market cap of $14.18 billion, a PE ratio of 14.22, a P/E/G ratio of 5.14 and a beta of 0.49. The stock has a 50-day moving average price of $131.56 and a 200 day moving average price of $137.37. Check Point Software Technologies has a 52 week low of $112.23 and a 52 week high of $210.66. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.72.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.45 by $0.10. The company had revenue of $673.60 million for the quarter, compared to analyst estimates of $675.45 million. Check Point Software Technologies had a net margin of 37.93% and a return on equity of 38.80%. The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.37 EPS. Check Point Software Technologies has set its Q3 2026 guidance at 2.430-2.530 EPS and its FY 2026 guidance at 10.050-10.850 EPS. Equities research analysts predict that Check Point Software Technologies will post 8.46 earnings per share for the current fiscal year.

Insider Activity

In related news, CRO Sherif Seddik sold 10,272 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $123.59, for a total value of $1,269,516.48. Following the completion of the sale, the executive directly owned 24,675 shares in the company, valued at approximately $3,049,583.25. The trade was a 29.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 29.00% of the company's stock.

Hedge Funds Weigh In On Check Point Software Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in shares of Check Point Software Technologies during the 1st quarter worth $262,000. EverSource Wealth Advisors LLC grew its position in Check Point Software Technologies by 24.3% during the second quarter. EverSource Wealth Advisors LLC now owns 598 shares of the technology company's stock valued at $132,000 after acquiring an additional 117 shares during the period. Squarepoint Ops LLC grew its position in Check Point Software Technologies by 20.9% during the second quarter. Squarepoint Ops LLC now owns 26,464 shares of the technology company's stock valued at $5,855,000 after acquiring an additional 4,577 shares during the period. The Manufacturers Life Insurance Company increased its stake in Check Point Software Technologies by 6.5% during the second quarter. The Manufacturers Life Insurance Company now owns 36,240 shares of the technology company's stock worth $8,018,000 after acquiring an additional 2,198 shares during the last quarter. Finally, Diversify Advisory Services LLC increased its stake in Check Point Software Technologies by 17.3% during the second quarter. Diversify Advisory Services LLC now owns 2,153 shares of the technology company's stock worth $476,000 after acquiring an additional 317 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

About Check Point Software Technologies

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source