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

Key Points

• Analyst consensus is “Hold”: Nineteen of 27 analysts rate Check Point Software Technologies as a hold, while eight recommend buying. The average 12-month price target is $148.74.
• Recent analyst views were mixed: Scotiabank upgraded the stock to “outperform” with a $185 target, while UBS, Barclays, and Wells Fargo maintained neutral/equal-weight views and lowered or modestly raised their targets.
• Quarterly results exceeded earnings expectations: Check Point reported $2.55 in quarterly EPS versus the $2.45 consensus, although revenue of $673.6 million was slightly below estimates and rose 1.3% year over year. Shares opened at $131.24, down 3.7%.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) have been given a consensus rating of "Hold" by the twenty-seven ratings firms that are covering the firm, Marketbeat.com reports. Nineteen research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $148.74.

A number of analysts recently commented on CHKP shares. Scotiabank upgraded Check Point Software Technologies from a "sector perform" rating to an "outperform" rating and set a $185.00 price objective for the company in a research report on Monday, July 6th. UBS Group raised their target price on shares of Check Point Software Technologies from $130.00 to $135.00 and gave the company a "neutral" rating in a research note on Friday, July 31st. TD Cowen reiterated a "buy" rating on shares of Check Point Software Technologies in a research report on Thursday, July 30th. Barclays dropped their price target on shares of Check Point Software Technologies from $145.00 to $140.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. Finally, Wells Fargo & Company cut their price objective on shares of Check Point Software Technologies from $140.00 to $130.00 and set an "equal weight" rating on the stock in a report on Friday, July 31st.

Insider Activity at Check Point Software Technologies

In other Check Point Software Technologies news, CRO Sherif Seddik sold 10,272 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $123.59, for a total transaction of $1,269,516.48. Following the completion of the sale, the executive owned 24,675 shares in the company, valued at approximately $3,049,583.25. The trade was a 29.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 29.00% of the company's stock.

Institutional Investors Weigh In On Check Point Software Technologies

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new position in Check Point Software Technologies during the fourth quarter valued at approximately $731,276,000. Altshuler Shaham Ltd increased its stake in Check Point Software Technologies by 6,253,188.9% in the fourth quarter. Altshuler Shaham Ltd now owns 562,796 shares of the technology company's stock valued at $104,432,000 after purchasing an additional 562,787 shares in the last quarter. Junto Capital Management LP acquired a new stake in Check Point Software Technologies in the second quarter worth $72,445,000. Renaissance Technologies LLC acquired a new stake in Check Point Software Technologies in the first quarter worth $34,171,000. Finally, Victory Capital Management Inc. boosted its position in shares of Check Point Software Technologies by 16.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,684,756 shares of the technology company's stock worth $312,623,000 after purchasing an additional 234,539 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 3.7%

Shares of CHKP opened at $131.24 on Friday. The business's fifty day moving average price is $132.40 and its two-hundred day moving average price is $134.11. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 3.90 and a beta of 0.50. Check Point Software Technologies has a 52 week low of $112.23 and a 52 week high of $210.66. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.67 and a current ratio of 1.67.

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 for the quarter, topping analysts' consensus estimates of $2.45 by $0.10. Check Point Software Technologies had a return on equity of 38.80% and a net margin of 37.93%.The company had revenue of $673.60 million during the quarter, compared to the consensus estimate of $675.45 million. During the same quarter in the previous year, the company posted $2.37 earnings per share. The firm's quarterly revenue was up 1.3% on a year-over-year basis. 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. On average, analysts predict that Check Point Software Technologies will post 8.45 earnings per share for the current year.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. is a cybersecurity company that develops products and services designed to protect organizations, businesses and consumers from cyber threats. Its offerings address network, cloud, endpoint, mobile and data security, as well as security management and threat intelligence.

The company's portfolio includes network security gateways and firewalls, cloud security solutions, endpoint protection, secure remote access, mobile security and security operations tools.

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