Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Check Point Software Technologies Ltd. (NASDAQ:CHKP) has received a consensus recommendation of “Moderate Buy” from the twenty-six brokerages that are currently covering the firm, Marketbeat reports. Fourteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $228.5909.

CHKP has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Mizuho set a $225.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 29th. Morgan Stanley set a $212.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. Stephens raised shares of Check Point Software Technologies from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $225.00 to $240.00 in a research note on Wednesday, January 14th. Finally, Weiss Ratings raised shares of Check Point Software Technologies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, October 30th.

Hedge Funds Weigh In On Check Point Software Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of CHKP. Massachusetts Financial Services Co. MA grew its holdings in shares of Check Point Software Technologies by 28.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,937,229 shares of the technology company’s stock worth $1,472,832,000 after purchasing an additional 1,766,774 shares during the last quarter. Norges Bank acquired a new stake in Check Point Software Technologies during the 2nd quarter worth approximately $714,801,000. Ninety One UK Ltd grew its holdings in Check Point Software Technologies by 0.3% during the 3rd quarter. Ninety One UK Ltd now owns 2,601,592 shares of the technology company’s stock worth $538,295,000 after acquiring an additional 8,814 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Check Point Software Technologies by 31.4% during the third quarter. First Trust Advisors LP now owns 2,497,275 shares of the technology company’s stock valued at $516,711,000 after acquiring an additional 597,413 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Check Point Software Technologies by 8.5% during the third quarter. Ameriprise Financial Inc. now owns 2,171,322 shares of the technology company’s stock valued at $449,274,000 after acquiring an additional 170,075 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 1.7%

NASDAQ CHKP opened at $181.23 on Monday. The firm’s 50 day simple moving average is $187.78 and its 200 day simple moving average is $195.13. The firm has a market capitalization of $19.93 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 3.33 and a beta of 0.59. Check Point Software Technologies has a 1 year low of $173.77 and a 1 year high of $234.35.

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

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).