Research Analysts’ Weekly Ratings Updates for Check Point Software Technologies (CHKP)

A number of firms have modified their ratings and price targets on shares of Check Point Software Technologies (NASDAQ: CHKP) recently:

• 1/21/2025 – Check Point Software Technologies had its price target raised by analysts at Scotiabank from $200.00 to $215.00. They now have a “sector outperform” rating on the stock.
• 1/17/2025 – Check Point Software Technologies had its price target raised by analysts at Citigroup Inc. from $185.00 to $190.00. They now have a “neutral” rating on the stock.
• 1/9/2025 – Check Point Software Technologies is now covered by analysts at Cantor Fitzgerald. They set a “neutral” rating and a $200.00 price target on the stock.
• 1/6/2025 – Check Point Software Technologies had its price target raised by analysts at Piper Sandler from $185.00 to $195.00. They now have a “neutral” rating on the stock.
• 1/2/2025 – Check Point Software Technologies was downgraded by analysts at The Goldman Sachs Group, Inc. from a “buy” rating to a “neutral” rating. They now have a $207.00 price target on the stock, up previously from $204.00.
• 12/19/2024 – Check Point Software Technologies had its price target raised by analysts at Jefferies Financial Group Inc. from $220.00 to $225.00. They now have a “buy” rating on the stock.
• 12/18/2024 – Check Point Software Technologies had its price target raised by analysts at Stifel Nicolaus from $182.00 to $190.00. They now have a “hold” rating on the stock.

Check Point Software Technologies Trading Up 0.7 %

Shares of NASDAQ CHKP opened at $194.28 on Thursday. The business has a fifty day simple moving average of $184.48 and a 200 day simple moving average of $186.15. The firm has a market capitalization of $21.37 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 2.95 and a beta of 0.63. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. Check Point Software Technologies’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.80 earnings per share. On average, research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. FSA Wealth Management LLC acquired a new position in Check Point Software Technologies during the third quarter worth $27,000. GAMMA Investing LLC raised its stake in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in Check Point Software Technologies during the third quarter worth $33,000. Concord Wealth Partners acquired a new position in Check Point Software Technologies during the third quarter worth $37,000. Finally, Exchange Traded Concepts LLC raised its stake in Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after acquiring an additional 137 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

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.