Check Point Software Technologies (NASDAQ:CHKP) Price Target Lowered to $200.00 at Citigroup

Check Point Software Technologies (NASDAQ:CHKP) had its price objective trimmed by Citigroup from $210.00 to $200.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

A number of other research firms have also commented on CHKP. UBS Group boosted their price objective on 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. Stifel Nicolaus set a $211.00 price target on Check Point Software Technologies in a report on Tuesday, October 28th. Weiss Ratings raised shares of Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, October 30th. Royal Bank Of Canada dropped their target price on shares of Check Point Software Technologies from $215.00 to $195.00 and set a “sector perform” rating for the company in a research note on Monday, January 5th. Finally, Scotiabank upped their target price on shares of Check Point Software Technologies from $205.00 to $210.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 29th. One 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’s stock. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $229.05.

Check Point Software Technologies Stock Down 1.8%

Shares of CHKP stock opened at $186.57 on Tuesday. The company has a market capitalization of $20.52 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.33 and a beta of 0.59. Check Point Software Technologies has a 12-month low of $178.68 and a 12-month high of $234.35. The firm has a 50-day moving average price of $190.52 and a 200 day moving average price of $196.97.

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

Hedge Funds Weigh In On Check Point Software Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its stake in shares of Check Point Software Technologies by 27.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,455 shares of the technology company’s stock valued at $1,276,729,000 after purchasing an additional 1,317,167 shares during the period. Norges Bank bought a new stake in Check Point Software Technologies in the second quarter valued at about $714,801,000. Ninety One UK Ltd lifted its stake in Check Point Software Technologies by 0.3% in the third quarter. Ninety One UK Ltd now owns 2,601,592 shares of the technology company’s stock valued at $538,295,000 after buying an additional 8,814 shares during the period. First Trust Advisors LP boosted its holdings in Check Point Software Technologies by 31.4% during the third quarter. First Trust Advisors LP now owns 2,497,275 shares of the technology company’s stock worth $516,711,000 after buying an additional 597,413 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Check Point Software Technologies by 8.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,171,322 shares of the technology company’s stock worth $449,274,000 after buying an additional 170,075 shares during the period. 98.51% of the stock is owned by institutional investors.

About Check Point Software Technologies

Check Point Software Technologies Ltd. is an Israeli-founded cybersecurity company that develops, markets and supports a broad portfolio of network, cloud and endpoint security products. Founded in 1993, the company was an early pioneer of stateful inspection firewall technology and later developed a modular “software blade” approach that allowed customers to combine protection capabilities. Check Point’s product set spans physical and virtual security appliances, software and cloud-native services designed to prevent cyberattacks, protect data and simplify security management for enterprises and service providers.

Key product families include Quantum Security Gateways (on-premises and hybrid appliances), CloudGuard (cloud security posture and workload protection), Harmony (endpoint, remote access and unified endpoint security), and SandBlast (advanced threat prevention and sandboxing).