Check Point Software Technologies’ (CHKP) Sector Perform Rating Reaffirmed at Scotiabank

Scotiabank reissued their sector perform rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research report report published on Monday, MarketBeat.com reports. Scotiabank currently has a $205.00 price objective on the technology company’s stock, down from their prior price objective of $220.00.

Other equities analysts have also recently issued reports about the stock. Stifel Nicolaus set a $200.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, July 30th. Barclays set a $215.00 price target on Check Point Software Technologies and gave the company an “equal weight” rating in a report on Thursday, July 31st. Mizuho raised their price target on Check Point Software Technologies from $230.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, June 16th. Jefferies Financial Group cut their price target on Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Finally, Cantor Fitzgerald set a $220.00 price target on Check Point Software Technologies and gave the company a “neutral” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and seventeen have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $226.79.

Check Point Software Technologies Trading Down 0.3%

NASDAQ:CHKP opened at $200.96 on Monday. Check Point Software Technologies has a 1-year low of $169.01 and a 1-year high of $234.35. The firm has a fifty day simple moving average of $194.02 and a 200 day simple moving average of $211.38. The stock has a market capitalization of $22.10 billion, a PE ratio of 26.17, a P/E/G ratio of 3.03 and a beta of 0.60.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The business had revenue of $665.20 million during the quarter, compared to analysts’ expectations of $663.10 million. During the same period last year, the business earned $2.17 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. Check Point Software Technologies has set its FY 2025 guidance at 9.600-10.200 EPS. Q3 2025 guidance at 2.400-2.500 EPS. On average, equities analysts predict that Check Point Software Technologies will post 8.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Check Point Software Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in Check Point Software Technologies in the second quarter valued at about $714,801,000. Victory Capital Management Inc. raised its stake in Check Point Software Technologies by 2,704.5% in the first quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company’s stock valued at $297,333,000 after purchasing an additional 1,258,034 shares in the last quarter. Invesco Ltd. raised its stake in Check Point Software Technologies by 737.5% in the first quarter. Invesco Ltd. now owns 982,986 shares of the technology company’s stock valued at $224,042,000 after purchasing an additional 865,608 shares in the last quarter. Bessemer Group Inc. raised its stake in Check Point Software Technologies by 5,396.1% in the first quarter. Bessemer Group Inc. now owns 658,485 shares of the technology company’s stock valued at $150,081,000 after purchasing an additional 646,504 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in Check Point Software Technologies by 2,413.2% in the second quarter. Schroder Investment Management Group now owns 628,858 shares of the technology company’s stock valued at $139,135,000 after purchasing an additional 603,836 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.