Analysts Set Check Point Software Technologies Ltd. (NASDAQ:CHKP) Price Target at $230.48

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been assigned an average recommendation of “Hold” from the twenty-seven ratings firms that are currently covering the company, Marketbeat reports. Fifteen analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $230.4783.

Several brokerages have recently issued reports on CHKP. Royal Bank Of Canada upped their target price on shares of Check Point Software Technologies from $207.00 to $215.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 29th. Morgan Stanley set a $212.00 price objective on Check Point Software Technologies in a research note on Wednesday, October 29th. BMO Capital Markets lifted their target price on Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Barclays increased their price target on Check Point Software Technologies from $220.00 to $235.00 and gave the company an “equal weight” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating for the company in a research note on Wednesday, September 24th.

Institutional Trading of Check Point Software Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHKP. LPL Financial LLC grew its stake in shares of Check Point Software Technologies by 9.3% during the first quarter. LPL Financial LLC now owns 180,629 shares of the technology company’s stock valued at $41,169,000 after buying an additional 15,386 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in Check Point Software Technologies by 16.8% during the 1st quarter. Mackenzie Financial Corp now owns 24,208 shares of the technology company’s stock valued at $5,517,000 after acquiring an additional 3,478 shares during the period. Arkadios Wealth Advisors grew its position in Check Point Software Technologies by 8.6% in the 1st quarter. Arkadios Wealth Advisors now owns 1,912 shares of the technology company’s stock valued at $436,000 after acquiring an additional 151 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Check Point Software Technologies in the 1st quarter valued at $215,000. Finally, Clearwater Capital Advisors LLC purchased a new stake in Check Point Software Technologies in the first quarter worth $200,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Shares of CHKP opened at $187.25 on Friday. The stock has a market capitalization of $20.59 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 2.86 and a beta of 0.61. Check Point Software Technologies has a 1 year low of $178.64 and a 1 year high of $234.35. The business’s 50 day simple moving average is $195.49 and its 200-day simple moving average is $204.23.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, topping the consensus estimate of $2.45 by $1.49. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The company had revenue of $677.50 million for the quarter, compared to analysts’ expectations of $673.60 million. During the same quarter in the previous year, the business posted $2.25 earnings per share. Check Point Software Technologies’s quarterly revenue was up 6.7% on a year-over-year basis. Check Point Software Technologies has set its FY 2025 guidance at 11.220-11.320 EPS and its Q4 2025 guidance at 2.700-2.800 EPS. On average, sell-side analysts expect that Check Point Software Technologies will post 8.61 earnings per share for the current year.

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.