Citigroup Lowers Check Point Software Technologies (NASDAQ:CHKP) Price Target to $200.00

Check Point Software Technologies (NASDAQ:CHKP) had its target price lowered by Citigroup from $210.00 to $200.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Citigroup’s price objective points to a potential upside of 8.90% from the company’s previous close.

A number of other research analysts have also weighed in on CHKP. Royal Bank Of Canada dropped their target price on Check Point Software Technologies from $215.00 to $195.00 and set a “sector perform” rating on the stock in a report on Monday, January 5th. Morgan Stanley set a $212.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 29th. KeyCorp upgraded shares of Check Point Software Technologies to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Check Point Software Technologies from $257.00 to $251.00 and set an “overweight” rating for the company in a research note on Wednesday, September 24th. Finally, BMO Capital Markets boosted their target price on shares of Check Point Software Technologies from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $229.05.

Check Point Software Technologies Trading Down 3.3%

CHKP stock traded down $6.35 during trading on Tuesday, reaching $183.66. 620,878 shares of the stock were exchanged, compared to its average volume of 1,229,796. The firm’s 50 day moving average is $190.62 and its 200 day moving average is $197.18. The firm has a market cap of $20.20 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 3.38 and a beta of 0.59. Check Point Software Technologies has a twelve month low of $178.68 and a twelve month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $673.60 million. During the same quarter last year, the firm posted $2.25 earnings per share. The company’s revenue for the quarter 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 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 institutional investors and hedge funds have recently made changes to their positions in CHKP. Fulton Bank N.A. boosted its stake in Check Point Software Technologies by 3.2% in the second quarter. Fulton Bank N.A. now owns 1,493 shares of the technology company’s stock worth $330,000 after buying an additional 46 shares in the last quarter. Sterling Investment Advisors Ltd. lifted its holdings in shares of Check Point Software Technologies by 2.6% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 1,970 shares of the technology company’s stock worth $436,000 after acquiring an additional 50 shares during the last quarter. HUB Investment Partners LLC boosted its stake in shares of Check Point Software Technologies by 1.5% in the 3rd quarter. HUB Investment Partners LLC now owns 3,558 shares of the technology company’s stock valued at $736,000 after purchasing an additional 53 shares in the last quarter. Modern Wealth Management LLC grew its holdings in shares of Check Point Software Technologies by 3.6% during the 3rd quarter. Modern Wealth Management LLC now owns 1,513 shares of the technology company’s stock valued at $313,000 after purchasing an additional 53 shares during the last quarter. Finally, Trust Point Inc. raised its position in Check Point Software Technologies by 2.3% in the 3rd quarter. Trust Point Inc. now owns 2,420 shares of the technology company’s stock worth $501,000 after purchasing an additional 54 shares during the period. 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).