Check Point Software Technologies (NASDAQ:CHKP) Rating Increased to Hold at KeyCorp

KeyCorp upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) to a hold rating in a research report released on Monday morning,Zacks.com reports.

A number of other research firms also recently weighed in on CHKP. Roth Capital restated a “neutral” rating on shares of Check Point Software Technologies in a research report on Monday, October 27th. Morgan Stanley set a $212.00 price objective on Check Point Software Technologies in a research note on Wednesday, October 29th. JPMorgan Chase & Co. cut their price objective on Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating for the company in a report on Wednesday, September 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $220.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, October 22nd. Finally, BMO Capital Markets boosted their price target on shares of Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $229.50.

Check Point Software Technologies Stock Down 1.4%

CHKP stock opened at $190.00 on Monday. The company has a 50-day simple moving average of $190.62 and a 200 day simple moving average of $197.18. The company has a market capitalization of $20.90 billion, a P/E ratio of 20.81, a PEG ratio of 3.38 and a beta of 0.59. Check Point Software Technologies has a fifty-two week low of $178.68 and a fifty-two week high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. The company had revenue of $677.50 million for the quarter, compared to the consensus estimate of $673.60 million. Check Point Software Technologies had a net margin of 37.62% and a return on equity of 37.91%. Check Point Software Technologies’s revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.25 EPS. 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. Equities analysts anticipate that Check Point Software Technologies will post 8.61 EPS for the current year.

Institutional Investors Weigh In On Check Point Software Technologies

Hedge funds have recently made changes to their positions in the company. Assenagon Asset Management S.A. grew its position in Check Point Software Technologies by 7.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 162,807 shares of the technology company’s stock worth $30,210,000 after purchasing an additional 10,644 shares in the last quarter. Diversified Trust Co. lifted its holdings in shares of Check Point Software Technologies by 0.7% in the fourth quarter. Diversified Trust Co. now owns 9,975 shares of the technology company’s stock valued at $1,851,000 after purchasing an additional 65 shares in the last quarter. Marshall Financial Group LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter worth $740,000. Independence Wealth Advisors LLC purchased a new position in shares of Check Point Software Technologies during the fourth quarter valued at $318,000. Finally, NorthCrest Asset Manangement LLC raised its position in Check Point Software Technologies by 1.3% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 74,616 shares of the technology company’s stock valued at $13,811,000 after buying an additional 964 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Company Profile

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).