Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives $230.91 Average Price Target from Analysts

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been assigned a consensus rating of “Hold” from the twenty-seven analysts that are presently covering the stock, Marketbeat.com reports. Fifteen research analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $230.9130.

A number of analysts have recently commented on CHKP shares. Scotiabank boosted 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 note on Wednesday, October 29th. Weiss Ratings upgraded Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, October 30th. Stifel Nicolaus set a $211.00 target price on Check Point Software Technologies in a report on Tuesday, October 28th. Mizuho set a $225.00 price target on Check Point Software Technologies in a research note on Wednesday, October 29th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and set a $220.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 22nd.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $189.63 on Thursday. Check Point Software Technologies has a 1-year low of $178.64 and a 1-year high of $234.35. The company has a market cap of $20.86 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 3.02 and a beta of 0.61. The stock has a 50 day simple moving average of $192.43 and a 200-day simple moving average of $199.85.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 28th. The technology company reported $3.94 EPS 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 firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter 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. Analysts anticipate that Check Point Software Technologies will post 8.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Check Point Software Technologies

Hedge funds and other institutional investors have recently modified their holdings of the business. Legacy Investment Solutions LLC purchased a new stake in Check Point Software Technologies during the 2nd quarter valued at about $25,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Check Point Software Technologies during the 3rd quarter worth approximately $27,000. Louisbourg Investments Inc. purchased a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $29,000. Ossiam grew its position in shares of Check Point Software Technologies by 139.1% in the third quarter. Ossiam now owns 165 shares of the technology company’s stock valued at $34,000 after purchasing an additional 96 shares in the last quarter. Finally, First Horizon Corp acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $38,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

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).