Check Point Software Technologies Ltd. (NASDAQ:CHKP) Given Consensus Rating of “Hold” by Analysts

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been assigned an average rating of “Hold” from the twenty-seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Fifteen research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $230.4783.

CHKP has been the subject of several recent research reports. Scotiabank boosted their price target on shares of Check Point Software Technologies from $205.00 to $210.00 and gave the company a “sector perform” rating in a report on Wednesday, October 29th. Cantor Fitzgerald reiterated a “neutral” rating and set a $220.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 22nd. Roth Capital reiterated a “neutral” rating on shares of Check Point Software Technologies in a research note on Monday, October 27th. UBS Group boosted their price objective on shares of Check Point Software Technologies from $210.00 to $215.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, Royal Bank Of Canada boosted their price objective on shares of Check Point Software Technologies from $207.00 to $215.00 and gave the stock a “sector perform” rating in a research note on Wednesday, October 29th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Legacy Investment Solutions LLC bought a new position in shares of Check Point Software Technologies during the 2nd quarter worth approximately $25,000. Louisbourg Investments Inc. bought a new position in shares of Check Point Software Technologies during the 3rd quarter worth approximately $29,000. Horizon Investments LLC increased its stake in Check Point Software Technologies by 116.4% during the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after purchasing an additional 85 shares in the last quarter. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at approximately $37,000. Finally, First Horizon Corp acquired a new position in Check Point Software Technologies during the 3rd quarter valued at approximately $38,000. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $191.76 on Wednesday. Check Point Software Technologies has a one year low of $169.56 and a one year high of $234.35. The firm has a market cap of $21.09 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.97 and a beta of 0.60. The firm has a 50-day simple moving average of $196.73 and a 200-day simple moving average of $207.48.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, beating the consensus estimate of $2.45 by $1.49. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. The business had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. During the same quarter in the previous year, the business posted $2.25 EPS. The company’s quarterly revenue 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, research analysts predict that Check Point Software Technologies will post 8.61 EPS for the current fiscal year.

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.