KeyCorp Upgrades Check Point Software Technologies (NASDAQ:CHKP) to Hold

Check Point Software Technologies (NASDAQ:CHKP) was upgraded by research analysts at KeyCorp to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research firms have also issued reports on CHKP. Scotiabank lifted their price objective on Check Point Software Technologies from $205.00 to $210.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 29th. Morgan Stanley set a $212.00 target price on Check Point Software Technologies in a research report on Wednesday, October 29th. Roth Capital reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research note on Monday, October 27th. UBS Group boosted their target price on Check Point Software Technologies from $210.00 to $215.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Piper Sandler reduced their price target on Check Point Software Technologies from $260.00 to $240.00 and set an “overweight” rating on the stock in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $229.05.

Check Point Software Technologies Trading Down 1.8%

Shares of Check Point Software Technologies stock opened at $186.57 on Monday. The company’s 50-day moving average price is $190.52 and its 200-day moving average price is $196.97. Check Point Software Technologies has a 12-month low of $178.68 and a 12-month high of $234.35. The company has a market cap of $20.52 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 3.33 and a beta of 0.59.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 28th. The technology company reported $3.94 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $673.60 million. During the same quarter in the prior year, the firm posted $2.25 EPS. Check Point Software Technologies’s revenue was up 6.7% on a year-over-year basis. 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. On average, sell-side analysts predict 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

Several hedge funds have recently made changes to their positions in CHKP. AQR Capital Management LLC bought a new stake in Check Point Software Technologies in the first quarter valued at $262,000. Modern Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the 1st quarter valued at about $290,000. Aaron Wealth Advisors LLC increased its position 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 buying an additional 55 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Check Point Software Technologies by 6.0% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,183 shares of the technology company’s stock valued at $2,474,000 after buying an additional 629 shares during the period. Finally, Swedbank AB raised its stake in Check Point Software Technologies by 0.3% in the second quarter. Swedbank AB now owns 429,981 shares of the technology company’s stock worth $95,133,000 after buying an additional 1,335 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other 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).