Citigroup Has Lowered Expectations for Check Point Software Technologies (NASDAQ:CHKP) Stock Price

Check Point Software Technologies (NASDAQ:CHKP) had its price objective lowered by analysts at Citigroup from $210.00 to $200.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Citigroup’s price target suggests a potential upside of 6.29% from the company’s current price.

Other equities analysts have also issued research reports about the company. KeyCorp raised Check Point Software Technologies to a “hold” rating in a research report on Monday. Stifel Nicolaus set a $211.00 price target on shares of Check Point Software Technologies in a research note on Tuesday, October 28th. Royal Bank Of Canada lowered their price objective on shares of Check Point Software Technologies from $215.00 to $195.00 and set a “sector perform” rating on the stock in a research report on Monday, January 5th. BMO Capital Markets raised their target price on shares of Check Point Software Technologies from $215.00 to $240.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Finally, Roth Capital reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies currently has an average rating of “Moderate Buy” and an average price target of $230.41.

Check Point Software Technologies Stock Up 0.9%

Shares of NASDAQ CHKP opened at $188.17 on Tuesday. The firm has a market cap of $20.69 billion, a P/E ratio of 20.61, a PEG ratio of 3.27 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. The company has a 50 day moving average of $190.37 and a 200 day moving average of $196.91.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 28th. The technology company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $1.49. The business had revenue of $677.50 million during the quarter, compared to analyst estimates of $673.60 million. Check Point Software Technologies had a return on equity of 37.91% and a net margin of 37.62%.The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.25 EPS. 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, equities analysts expect that Check Point Software Technologies will post 8.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Check Point Software Technologies

Institutional investors have recently bought and sold shares of the stock. Legacy Investment Solutions LLC bought a new stake in Check Point Software Technologies during the second quarter valued at about $25,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Check Point Software Technologies during the 3rd quarter valued at about $27,000. Louisbourg Investments Inc. bought a new position in shares of Check Point Software Technologies during the 3rd quarter valued at approximately $29,000. Ossiam increased its holdings in Check Point Software Technologies by 139.1% in the 3rd quarter. Ossiam now owns 165 shares of the technology company’s stock worth $34,000 after acquiring an additional 96 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in Check Point Software Technologies in the 4th quarter worth approximately $36,000. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Company Profile

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).