Research Analysts Issue Forecasts for CHKP FY2025 Earnings

Check Point Software Technologies Ltd. (NASDAQ:CHKP) – Analysts at Cantor Fitzgerald boosted their FY2025 earnings per share estimates for shares of Check Point Software Technologies in a research note issued to investors on Friday, January 31st. Cantor Fitzgerald analyst J. Ruykhaver now forecasts that the technology company will post earnings per share of $8.62 for the year, up from their prior estimate of $8.56. Cantor Fitzgerald has a “Neutral” rating and a $200.00 price target on the stock. The consensus estimate for Check Point Software Technologies’ current full-year earnings is $7.87 per share.

Several other research firms have also commented on CHKP. Truist Financial reissued a “buy” rating and set a $250.00 price target (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday. Scotiabank upped their target price on Check Point Software Technologies from $215.00 to $250.00 and gave the company a “sector outperform” rating in a research report on Friday. Finally, The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their price target for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Nineteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $215.27.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $218.02 on Monday. The firm has a market capitalization of $23.98 billion, a P/E ratio of 29.78, a P/E/G ratio of 3.19 and a beta of 0.63. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $226.02. The business’s 50-day simple moving average is $188.67 and its 200-day simple moving average is $187.85.

Institutional Trading of Check Point Software Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Bleakley Financial Group LLC raised its stake in Check Point Software Technologies by 3.3% in the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock valued at $346,000 after buying an additional 57 shares during the period. Regatta Capital Group LLC increased its stake in shares of Check Point Software Technologies by 4.9% during the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after purchasing an additional 57 shares during the period. Kingsview Wealth Management LLC increased its stake in shares of Check Point Software Technologies by 3.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after purchasing an additional 57 shares during the period. GAMMA Investing LLC increased its stake in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares during the period. Finally, Strategic Investment Advisors MI increased its stake in shares of Check Point Software Technologies by 2.7% during the fourth quarter. Strategic Investment Advisors MI now owns 2,263 shares of the technology company’s stock worth $423,000 after purchasing an additional 60 shares during the period. Institutional investors own 98.51% of the company’s stock.

About Check Point Software Technologies

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.