Barclays Cuts Check Point Software Technologies (NASDAQ:CHKP) Price Target to $220.00

Check Point Software Technologies (NASDAQ:CHKP) had its price objective lowered by Barclays from $235.00 to $220.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the technology company’s stock.

A number of other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. lowered their price target on shares of Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 24th. UBS Group increased their price objective on shares of Check Point Software Technologies from $210.00 to $215.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. BMO Capital Markets boosted their target price on Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Cantor Fitzgerald restated a “neutral” rating and issued a $220.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 22nd. Finally, Citigroup lifted their price objective on Check Point Software Technologies from $200.00 to $210.00 and gave the stock a “neutral” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $229.50.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $189.56 on Monday. Check Point Software Technologies has a 1 year low of $178.64 and a 1 year high of $234.35. The firm has a market capitalization of $20.85 billion, a PE ratio of 20.76, a P/E/G ratio of 3.26 and a beta of 0.59. The business’s 50 day moving average price is $190.95 and its 200-day moving average price is $197.95.

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

Institutional Investors Weigh In On Check Point Software Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB increased its position in shares of Check Point Software Technologies by 28.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 421 shares of the technology company’s stock worth $78,000 after purchasing an additional 93 shares during the last quarter. Harbor Investment Advisory LLC boosted its stake in Check Point Software Technologies by 7.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,070 shares of the technology company’s stock worth $199,000 after buying an additional 78 shares during the period. CWA Asset Management Group LLC boosted its stake in Check Point Software Technologies by 2.5% during the fourth quarter. CWA Asset Management Group LLC now owns 6,456 shares of the technology company’s stock worth $1,198,000 after buying an additional 158 shares during the period. Aventura Private Wealth LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter valued at about $181,000. Finally, Hilltop National Bank purchased a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

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).