Wedbush Research Analysts Boost Earnings Estimates for CHKP

Check Point Software Technologies Ltd. (NASDAQ:CHKP) – Stock analysts at Wedbush increased their Q1 2025 EPS estimates for Check Point Software Technologies in a research report issued on Tuesday, October 29th. Wedbush analyst D. Ives now expects that the technology company will earn $1.85 per share for the quarter, up from their previous estimate of $1.84. Wedbush currently has a “Outperform” rating and a $230.00 price objective on the stock. The consensus estimate for Check Point Software Technologies’ current full-year earnings is $7.84 per share.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate of $2.25. The firm had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 EPS.

CHKP has been the topic of a number of other reports. Evercore ISI boosted their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday. BMO Capital Markets upped their target price on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Barclays reduced their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday. Mizuho upped their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Fifteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Stock Down 0.4 %

Shares of Check Point Software Technologies stock opened at $173.21 on Friday. The company has a 50 day moving average price of $194.87 and a 200 day moving average price of $174.66. The firm has a market capitalization of $19.05 billion, a P/E ratio of 23.66, a PEG ratio of 2.71 and a beta of 0.62. Check Point Software Technologies has a 52 week low of $129.13 and a 52 week high of $210.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CHKP. Massachusetts Financial Services Co. MA lifted its holdings in Check Point Software Technologies by 2.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock valued at $912,070,000 after purchasing an additional 114,938 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Check Point Software Technologies by 10.5% in the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after buying an additional 391,983 shares during the last quarter. Boston Partners lifted its stake in shares of Check Point Software Technologies by 13.1% in the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after buying an additional 419,404 shares in the last quarter. Ninety One UK Ltd boosted its position in Check Point Software Technologies by 1.1% during the second quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock worth $595,450,000 after acquiring an additional 39,092 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Check Point Software Technologies by 3.0% during the 1st quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock valued at $440,266,000 after acquiring an additional 77,849 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

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.