Check Point Software Technologies (NASDAQ:CHKP) Given New $193.00 Price Target at Morgan Stanley

Check Point Software Technologies (NASDAQ:CHKP) had its price target trimmed by Morgan Stanley from $215.00 to $193.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the technology company’s stock.

Several other research firms have also weighed in on CHKP. Cantor Fitzgerald set a $220.00 price objective on Check Point Software Technologies and gave the company a “neutral” rating in a research note on Thursday, July 31st. UBS Group dropped their target price on Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Mizuho raised their target price on Check Point Software Technologies from $230.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, June 16th. Stephens dropped their target price on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a report on Thursday, July 31st. Finally, Barclays set a $215.00 target price on Check Point Software Technologies and gave the company an “equal weight” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have issued a Hold rating to the company. According to MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $227.58.

Check Point Software Technologies Stock Down 1.5%

CHKP opened at $190.16 on Tuesday. The firm has a market cap of $20.91 billion, a P/E ratio of 24.76, a PEG ratio of 2.90 and a beta of 0.60. Check Point Software Technologies has a 52 week low of $169.01 and a 52 week high of $234.35. The business’s fifty day simple moving average is $204.41 and its 200 day simple moving average is $215.35.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 EPS 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 business had revenue of $665.20 million for the quarter, compared to analyst estimates of $663.10 million. During the same quarter last year, the company earned $2.17 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. 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. As a group, equities analysts expect that Check Point Software Technologies will post 8.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHKP. Norges Bank acquired a new position in Check Point Software Technologies during the 2nd quarter worth $714,801,000. Victory Capital Management Inc. raised its position in shares of Check Point Software Technologies by 2,704.5% during the first quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock worth $297,333,000 after purchasing an additional 1,258,034 shares during the period. Invesco Ltd. raised its position in shares of Check Point Software Technologies by 737.5% during the first quarter. Invesco Ltd. now owns 982,986 shares of the technology company’s stock worth $224,042,000 after purchasing an additional 865,608 shares during the period. Bessemer Group Inc. grew its holdings in shares of Check Point Software Technologies by 5,396.1% during the first quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company’s stock valued at $150,081,000 after buying an additional 646,504 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in Check Point Software Technologies by 2,413.2% in the second quarter. Schroder Investment Management Group now owns 628,858 shares of the technology company’s stock valued at $139,135,000 after purchasing an additional 603,836 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

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.