JPMorgan Chase & Co. Issues Pessimistic Forecast for Check Point Software Technologies (NASDAQ:CHKP) Stock Price

Key Points

• JPMorgan Chase & Co. has reduced its price target for Check Point Software Technologies from $257 to $251, indicating a potential upside of 24.81% from the current stock price.
• Despite the downgrade, Check Point holds a consensus rating of "Hold" from analysts, with an average price target of $227.42.
• The company reported a 6% year-over-year revenue growth in its latest quarterly earnings, exceeding expectations with earnings per share of $2.37.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $257.00 to $251.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 24.81% from the company's current price.

Other equities research analysts have also recently issued reports about the company. Barclays set a $215.00 price target on Check Point Software Technologies and gave the company an "equal weight" rating in a report on Thursday, July 31st. Stifel Nicolaus set a $200.00 target price on Check Point Software Technologies in a research note on Wednesday, July 30th. Mizuho lifted their target price on Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Jefferies Financial Group lowered their target price on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Finally, Citigroup lowered their target price on Check Point Software Technologies from $230.00 to $200.00 and set a "neutral" rating for the company in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $227.42.

Check Point Software Technologies Price Performance

CHKP stock opened at $201.10 on Wednesday. The business has a fifty day moving average price of $196.90 and a 200 day moving average price of $212.80. Check Point Software Technologies has a fifty-two week low of $169.01 and a fifty-two week high of $234.35. The stock has a market capitalization of $22.12 billion, a price-to-earnings ratio of 26.18, a P/E/G ratio of 3.03 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.01. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%.The firm had revenue of $665.20 million during the quarter, compared to analysts' expectations of $663.10 million. During the same period last year, the firm posted $2.17 EPS. The business's revenue was up 6.0% on a year-over-year basis. 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. On average, equities analysts expect that Check Point Software Technologies will post 8.61 earnings per share for the current fiscal year.

Institutional Trading of Check Point Software Technologies

A number of institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp raised its holdings in Check Point Software Technologies by 2.5% during the fourth quarter. Mackenzie Financial Corp now owns 20,730 shares of the technology company's stock worth $3,870,000 after acquiring an additional 506 shares in the last quarter. Menard Financial Group LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $41,000. Siemens Fonds Invest GmbH bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $1,373,000. Capstone Triton Financial Group LLC boosted its stake in shares of Check Point Software Technologies by 1.3% in the fourth quarter. Capstone Triton Financial Group LLC now owns 10,863 shares of the technology company's stock valued at $2,028,000 after buying an additional 138 shares during the period. Finally, Centaurus Financial Inc. boosted its stake in shares of Check Point Software Technologies by 48.5% in the fourth quarter. Centaurus Financial Inc. now owns 3,777 shares of the technology company's stock valued at $705,000 after buying an additional 1,234 shares during the period. 98.51% of the stock is currently owned by institutional investors.

About Check Point Software Technologies

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.

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