Wedbush Issues Positive Outlook for CHKP Earnings

Check Point Software Technologies Ltd. (NASDAQ:CHKP) – Research analysts at Wedbush increased their Q1 2025 earnings per share estimates for Check Point Software Technologies in a report issued on Tuesday, October 29th. Wedbush analyst D. Ives now anticipates that the technology company will post earnings per share of $1.85 for the quarter, up from their previous forecast of $1.84. Wedbush has a “Outperform” rating and a $230.00 price target on the stock. The consensus estimate for Check Point Software Technologies’ current full-year earnings is $7.84 per share.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same quarter last year, the company posted $1.80 EPS. Check Point Software Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis.

A number of other equities analysts have also weighed in on CHKP. Barclays decreased their price target on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Robert W. Baird decreased their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday. Mizuho raised their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Evercore ISI raised their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday. Finally, Susquehanna raised their price objective on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. Fifteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Stock Down 1.6 %

NASDAQ:CHKP opened at $170.50 on Friday. Check Point Software Technologies has a 1-year low of $134.72 and a 1-year high of $210.70. The firm has a market capitalization of $18.75 billion, a price-to-earnings ratio of 23.29, a price-to-earnings-growth ratio of 2.71 and a beta of 0.63. The stock has a fifty day simple moving average of $194.47 and a 200 day simple moving average of $174.87.

Institutional Investors Weigh In On Check Point Software Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC lifted its holdings in Check Point Software Technologies by 3.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after purchasing an additional 57 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Check Point Software Technologies by 5.2% during the third quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock worth $258,000 after buying an additional 66 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Check Point Software Technologies by 1.2% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock worth $1,042,000 after buying an additional 66 shares during the last quarter. HF Advisory Group LLC lifted its holdings in shares of Check Point Software Technologies by 1.2% during the third quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company’s stock worth $1,169,000 after buying an additional 73 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its holdings in shares of Check Point Software Technologies by 1.6% during the third quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock worth $942,000 after buying an additional 77 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

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.