Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Free Report) have earned a consensus recommendation of “Hold” from the twenty-eight brokerages that are currently covering the stock, Marketbeat.com reports. Nineteen equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $149.50.
Several brokerages recently commented on CHKP. UBS Group reissued a “neutral” rating and issued a $145.00 price target on shares of Check Point Software Technologies in a report on Thursday, October 15th. The Goldman Sachs Group decreased their price objective on shares of Check Point Software Technologies from $168.00 to $150.00 and set a “neutral” rating on the stock in a report on Saturday, August 1st. Wells Fargo & Company dropped their target price on shares of Check Point Software Technologies from $140.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Susquehanna lifted their target price on shares of Check Point Software Technologies from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Friday, July 31st. Finally, Wedbush cut shares of Check Point Software Technologies from an “outperform” rating to a “neutral” rating and set a $135.00 target price for the company. in a research note on Thursday, September 10th.
Get Our Latest Research Report on Check Point Software Technologies
Check Point Software Technologies Price Performance
Check Point Software Technologies stock opened at $159.03 on Wednesday. The stock has a market capitalization of $16.24 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 4.55 and a beta of 0.48. Check Point Software Technologies has a 12 month low of $112.23 and a 12 month high of $210.66. The business has a 50 day simple moving average of $134.92 and a 200-day simple moving average of $132.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.67 and a quick ratio of 1.67.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last announced its earnings results on Thursday, July 30th. The technology company reported $2.55 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $673.60 million during the quarter, compared to the consensus estimate of $675.45 million. During the same period in the prior year, the company posted $2.37 EPS. The business’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 anticipate that Check Point Software Technologies will post 8.45 EPS for the current fiscal year.
Insider Transactions at Check Point Software Technologies
In related news, CRO Sherif Seddik sold 10,272 shares of Check Point Software Technologies stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $123.59, for a total value of $1,269,516.48. Following 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 position. The transaction was disclosed in a 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.
Hedge Funds Weigh In On Check Point Software Technologies
Hedge funds have recently made changes to their positions in the company. Evergreen Capital Management LLC boosted its stake in shares of Check Point Software Technologies by 25.1% in the third quarter. Evergreen Capital Management LLC now owns 5,630 shares of the technology company’s stock worth $723,000 after acquiring an additional 1,131 shares during the last quarter. Inspire Investing LLC increased its position in shares of Check Point Software Technologies by 10.3% during the third quarter. Inspire Investing LLC now owns 27,641 shares of the technology company’s stock worth $3,548,000 after purchasing an additional 2,574 shares in the last quarter. Yousif Capital Management LLC increased its position in shares of Check Point Software Technologies by 2.0% during the third quarter. Yousif Capital Management LLC now owns 3,839 shares of the technology company’s stock worth $493,000 after purchasing an additional 77 shares in the last quarter. Cardinal Capital Management raised its stake in Check Point Software Technologies by 15.8% in the 3rd quarter. Cardinal Capital Management now owns 10,854 shares of the technology company’s stock valued at $1,393,000 after purchasing an additional 1,480 shares during the last quarter. Finally, Sage Private Wealth Group LLC acquired a new position in Check Point Software Technologies in the 3rd quarter valued at $1,005,000. Institutional investors and hedge funds own 98.51% of the company’s stock.
About Check Point Software Technologies
Check Point Software Technologies Ltd. is a cybersecurity company that develops products and services designed to protect organizations, governments and consumers from cyber threats. Its offerings help secure networks, cloud environments, endpoints, mobile devices, data and remote access, with capabilities including threat prevention, firewall protection, intrusion prevention, email security and security management.
The company organizes its portfolio under platforms that include Quantum for network security, CloudGuard for cloud security and Harmony for user, endpoint and remote-access protection.
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