Check Point Software Technologies (NASDAQ:CHKP) Price Target Lowered to $251.00 at JPMorgan Chase & Co.

Check Point Software Technologies (NASDAQ:CHKP) had its price target cut by JPMorgan Chase & Co. from $257.00 to $251.00 in a research report report published on Wednesday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

CHKP has been the topic of a number of other research reports. Scotiabank decreased their target price on shares of Check Point Software Technologies from $240.00 to $220.00 and set a “sector outperform” rating on the stock in a research report on Thursday, July 31st. Jefferies Financial Group decreased their price objective on shares of Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, July 31st. Royal Bank Of Canada lowered their price objective on shares of Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating for the company in a research report on Thursday, July 31st. Stifel Nicolaus set a $200.00 target price on Check Point Software Technologies in a research report on Wednesday, July 30th. Finally, Morgan Stanley decreased their price target on Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $227.42.

Check Point Software Technologies Stock Performance

CHKP stock opened at $203.34 on Wednesday. Check Point Software Technologies has a one year low of $169.01 and a one year high of $234.35. The firm has a market cap of $22.36 billion, a PE ratio of 26.48, a PEG ratio of 3.03 and a beta of 0.60. The firm’s 50 day moving average price is $196.61 and its 200-day moving average price is $212.74.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $665.20 million during the quarter, compared to analysts’ expectations of $663.10 million. During the same quarter last year, the firm earned $2.17 earnings per share. The firm’s quarterly revenue 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. Equities research analysts predict that Check Point Software Technologies will post 8.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CHKP. Fulton Bank N.A. boosted its stake in shares of Check Point Software Technologies by 3.2% in the second quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company’s stock valued at $330,000 after purchasing an additional 46 shares during the period. Larson Financial Group LLC increased its stake in Check Point Software Technologies by 23.2% during the 1st quarter. Larson Financial Group LLC now owns 260 shares of the technology company’s stock worth $59,000 after buying an additional 49 shares during the period. Sterling Investment Advisors Ltd. lifted its holdings in Check Point Software Technologies by 2.6% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 1,970 shares of the technology company’s stock worth $436,000 after buying an additional 50 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Check Point Software Technologies by 19.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company’s stock valued at $77,000 after buying an additional 55 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its stake in shares of Check Point Software Technologies by 5.2% during the second quarter. Aaron Wealth Advisors LLC now owns 1,105 shares of the technology company’s stock valued at $244,000 after acquiring an additional 55 shares in the last quarter. 98.51% of the stock is 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.