Check Point Software Technologies (NASDAQ:CHKP) Price Target Cut to $251.00 by Analysts at JPMorgan Chase & Co.

Check Point Software Technologies (NASDAQ:CHKP) had its price target trimmed by JPMorgan Chase & Co. from $257.00 to $251.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

Several other equities analysts have also recently commented on CHKP. UBS Group reduced their price target on shares of Check Point Software Technologies from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Morgan Stanley cut their price objective on Check Point Software Technologies from $215.00 to $193.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 2nd. Wells Fargo & Company decreased their target price on Check Point Software Technologies from $265.00 to $225.00 and set an “overweight” rating for the company in a research report on Thursday, July 31st. Jefferies Financial Group decreased their target price on Check Point Software Technologies from $260.00 to $230.00 and set a “buy” rating for the company in a research report on Thursday, July 31st. Finally, Stephens dropped their price target on Check Point Software Technologies from $229.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 31st. One 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $227.42.

Check Point Software Technologies Trading Up 1.1%

CHKP stock opened at $203.34 on Wednesday. The firm has a 50 day simple moving average of $196.61 and a 200-day simple moving average of $212.74. The company has a market capitalization of $22.36 billion, a P/E ratio of 26.48, a PEG ratio of 3.03 and a beta of 0.60. Check Point Software Technologies has a twelve month low of $169.01 and a twelve month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.01. The firm had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.17 EPS. 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, research analysts predict that Check Point Software Technologies will post 8.61 EPS for the current year.

Institutional Investors Weigh In On Check Point Software Technologies

Several large investors have recently added to or reduced their stakes in CHKP. Legacy Investment Solutions LLC acquired a new position in shares of Check Point Software Technologies during the second quarter valued at $25,000. Horizon Investments LLC lifted its position in Check Point Software Technologies by 116.4% in the 1st quarter. Horizon Investments LLC now owns 158 shares of the technology company’s stock valued at $36,000 after purchasing an additional 85 shares during the last quarter. Cromwell Holdings LLC acquired a new position in Check Point Software Technologies during the 1st quarter valued at about $37,000. Abound Financial LLC bought a new position in Check Point Software Technologies in the 1st quarter worth about $40,000. Finally, Menard Financial Group LLC bought a new position in Check Point Software Technologies in the 4th quarter worth about $41,000. 98.51% of the stock is owned by institutional investors and hedge funds.

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.