Check Point Software Technologies (NASDAQ:CHKP) Price Target Cut to $135.00 by Analysts at JPMorgan Chase & Co.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) had its price target reduced by stock analysts at JPMorgan Chase & Co. from $185.00 to $135.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 16.41% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus set a $120.00 price objective on Check Point Software Technologies in a research report on Friday. TD Cowen set a $180.00 price target on shares of Check Point Software Technologies in a research note on Thursday. Roth Mkm set a $160.00 target price on shares of Check Point Software Technologies in a research note on Friday. Cantor Fitzgerald reduced their target price on shares of Check Point Software Technologies from $190.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada cut their price target on Check Point Software Technologies from $157.00 to $135.00 and set a “sector perform” rating for the company in a research note on Friday. Eight investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and an average target price of $155.71.

Check Out Our Latest Stock Report on Check Point Software Technologies

Check Point Software Technologies Trading Up 3.1%

CHKP stock traded up $3.50 during mid-day trading on Friday, reaching $115.97. The company had a trading volume of 2,173,680 shares, compared to its average volume of 1,370,942. The firm has a 50 day moving average of $146.93 and a 200 day moving average of $173.36. The company has a market capitalization of $12.25 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 3.09 and a beta of 0.65. Check Point Software Technologies has a 12 month low of $112.23 and a 12 month high of $233.78. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.05 and a quick ratio of 2.05.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last released its earnings results on Thursday, April 30th. The technology company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.08. The company had revenue of $668.40 million for the quarter, compared to analyst estimates of $672.71 million. Check Point Software Technologies had a net margin of 38.78% and a return on equity of 38.98%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.21 EPS. Check Point Software Technologies has set its FY 2026 guidance at 10.050-10.850 EPS and its Q2 2026 guidance at 2.400-2.500 EPS. On average, equities analysts predict that Check Point Software Technologies will post 8.58 earnings per share for the current fiscal year.

Institutional Trading of Check Point Software Technologies

Several institutional investors have recently bought and sold shares of CHKP. Modern Wealth Management LLC lifted its holdings in Check Point Software Technologies by 3.6% in the 3rd quarter. Modern Wealth Management LLC now owns 1,513 shares of the technology company’s stock valued at $313,000 after acquiring an additional 53 shares during the last quarter. HUB Investment Partners LLC increased its position in shares of Check Point Software Technologies by 1.5% during the third quarter. HUB Investment Partners LLC now owns 3,558 shares of the technology company’s stock valued at $736,000 after buying an additional 53 shares during the period. Philip James Wealth Mangement LLC raised its position in Check Point Software Technologies by 1.1% during the 3rd quarter. Philip James Wealth Mangement LLC now owns 4,780 shares of the technology company’s stock worth $989,000 after buying an additional 54 shares during the last quarter. Horizon Investments LLC raised its holdings in Check Point Software Technologies by 28.9% in the 3rd quarter. Horizon Investments LLC now owns 241 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares during the last quarter. Finally, Pinnacle West Asset Management Inc. raised its position in shares of Check Point Software Technologies by 4.6% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 1,255 shares of the technology company’s stock valued at $260,000 after purchasing an additional 55 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Key Check Point Software Technologies News

Here are the key news stories impacting Check Point Software Technologies this week:

About Check Point Software Technologies

(Get Free Report)

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).

Read More

Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.