Wells Fargo & Company Cuts Check Point Software Technologies (NASDAQ:CHKP) Price Target to $120.00

Check Point Software Technologies (NASDAQ:CHKP) had its target price dropped by equities researchers at Wells Fargo & Company from $165.00 to $120.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 3.18% from the stock’s previous close.

CHKP has been the topic of several other reports. Piper Sandler lowered Check Point Software Technologies from an “overweight” rating to a “neutral” rating and set a $120.00 price target on the stock. in a research note on Thursday. Morgan Stanley set a $197.00 price objective on Check Point Software Technologies in a research note on Wednesday, January 28th. Weiss Ratings downgraded Check Point Software Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Argus raised Check Point Software Technologies to a “hold” rating in a research note on Thursday, February 26th. Finally, BMO Capital Markets dropped their price objective on Check Point Software Technologies from $240.00 to $210.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. Eight analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $169.88.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP traded up $3.83 during trading hours on Friday, hitting $116.30. 1,201,688 shares of the company’s stock were exchanged, compared to its average volume of 1,358,176. Check Point Software Technologies has a 1-year low of $112.23 and a 1-year 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. The stock has a market capitalization of $12.28 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 3.09 and a beta of 0.65. The company’s 50-day moving average price is $146.93 and its 200-day moving average price is $173.36.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.08. Check Point Software Technologies had a return on equity of 38.98% and a net margin of 38.78%.The business had revenue of $668.40 million during the quarter, compared to analysts’ expectations of $672.71 million. During the same quarter in the previous year, the firm earned $2.21 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. 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, sell-side analysts expect that Check Point Software Technologies will post 8.58 earnings per share for the current fiscal year.

Institutional Trading of Check Point Software Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of CHKP. AQR Capital Management LLC acquired a new stake in Check Point Software Technologies in the first quarter valued at $262,000. EverSource Wealth Advisors LLC boosted its position in Check Point Software Technologies by 24.3% during the second quarter. EverSource Wealth Advisors LLC now owns 598 shares of the technology company’s stock valued at $132,000 after acquiring an additional 117 shares during the last quarter. Squarepoint Ops LLC boosted its position in Check Point Software Technologies by 20.9% during the second quarter. Squarepoint Ops LLC now owns 26,464 shares of the technology company’s stock valued at $5,855,000 after acquiring an additional 4,577 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Check Point Software Technologies by 6.5% during the second quarter. The Manufacturers Life Insurance Company now owns 36,240 shares of the technology company’s stock valued at $8,018,000 after acquiring an additional 2,198 shares during the last quarter. Finally, Diversify Advisory Services LLC boosted its position in Check Point Software Technologies by 17.3% during the second quarter. Diversify Advisory Services LLC now owns 2,153 shares of the technology company’s stock valued at $476,000 after acquiring an additional 317 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Check Point Software Technologies

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

• Positive Sentiment: Q1 EPS beat and subscription strength — Check Point reported $2.50 EPS vs. ~$2.42 expected and highlighted double‑digit subscription growth, which supports profitability and cash generation. Q1 Profit Beats (Reuters)
• Positive Sentiment: GovRAMP/FedRAMP authorizations for Infinity platform — authorization expands addressable market in federal/state government security sales, a potential revenue catalyst for enterprise and public‑sector bookings. GovRAMP Authorization (PR Newswire)
• Neutral Sentiment: Analyst repositioning with mixed signals — Susquehanna cut its price target sharply (from $255 to $140) but kept a “positive” rating, while other shops trimmed ratings/targets; analyst moves can amplify volatility without changing fundamentals immediately. Susquehanna PT Cut (Benzinga)
• Negative Sentiment: Revenue and Q2 outlook miss — management guided Q2 revenue roughly $660–$690M vs. consensus near $706M and lowered FY revenue range below Street expectations, prompting concern about product demand and near‑term top‑line momentum. Q2 Outlook & Revenue Guidance Miss (Seeking Alpha)
• Negative Sentiment: Put buying and downgrades suggest near‑term downside risk — unusual options activity showed a large lift in put purchases and Piper Sandler downgraded CHKP to neutral, increasing selling pressure and short‑term volatility. Piper Sandler Downgrade (American Banking News)
• Negative Sentiment: Investigation notice — law firm Block & Leviton and related filings flagged a potential securities investigation into Check Point, which can keep investors cautious until details or outcomes are clearer. Securities Investigation (Caledonian Record)

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).