BMO Capital Markets Boosts Check Point Software Technologies (NASDAQ:CHKP) Price Target to $240.00

Check Point Software Technologies (NASDAQ:CHKP) had its price target lifted by BMO Capital Markets from $215.00 to $240.00 in a research note issued on Wednesday, Marketbeat reports. The brokerage presently has an “outperform” rating on the technology company’s stock. BMO Capital Markets’ price target indicates a potential upside of 20.31% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Stifel Nicolaus set a $211.00 target price on shares of Check Point Software Technologies in a research note on Tuesday. Scotiabank set a $205.00 price objective on Check Point Software Technologies and gave the stock a “sector perform” rating in a research report on Monday, October 6th. Citigroup lowered their price objective on Check Point Software Technologies from $230.00 to $200.00 and set a “neutral” rating for the company in a research report on Monday, August 18th. Barclays raised their price objective on Check Point Software Technologies from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Morgan Stanley lowered their price target on Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating for the company in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $230.48.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $199.48 on Wednesday. Check Point Software Technologies has a 1-year low of $169.01 and a 1-year high of $234.35. The stock’s 50-day moving average is $196.40 and its 200 day moving average is $208.12. The company has a market cap of $21.94 billion, a P/E ratio of 21.85, a PEG ratio of 2.97 and a beta of 0.60.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Check Point Software Technologies by 15.9% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,937 shares of the technology company’s stock valued at $899,000 after acquiring an additional 541 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of Check Point Software Technologies by 9.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 3,488 shares of the technology company’s stock valued at $795,000 after purchasing an additional 312 shares during the period. Mather Group LLC. lifted its stake in shares of Check Point Software Technologies by 2.2% in the 1st quarter. Mather Group LLC. now owns 2,909 shares of the technology company’s stock valued at $663,000 after purchasing an additional 62 shares during the period. Rossby Financial LCC acquired a new position in shares of Check Point Software Technologies in the 1st quarter valued at $354,000. Finally, Checchi Capital Advisers LLC acquired a new position in shares of Check Point Software Technologies in the 1st quarter valued at $240,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

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.