Wedbush Issues Optimistic Outlook for CHKP Earnings

Check Point Software Technologies Ltd. (NASDAQ:CHKP) – Stock analysts at Wedbush increased their Q1 2025 earnings per share estimates for shares of Check Point Software Technologies in a research report issued to clients and investors on Tuesday, October 29th. Wedbush analyst D. Ives now forecasts that the technology company will post earnings of $1.85 per share for the quarter, up from their prior estimate of $1.84. Wedbush has a “Outperform” rating and a $230.00 price objective on the stock. The consensus estimate for Check Point Software Technologies’ current full-year earnings is $7.84 per share.

Several other research analysts have also weighed in on CHKP. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $205.00 to $195.00 in a research report on Wednesday. Robert W. Baird dropped their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday. Barclays decreased their price target on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday. Jefferies Financial Group upped their price target on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. upped their price target on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Trading Down 1.6 %

NASDAQ:CHKP opened at $170.50 on Friday. Check Point Software Technologies has a 1-year low of $134.72 and a 1-year high of $210.70. The business’s fifty day moving average price is $194.47 and its 200 day moving average price is $174.75. The firm has a market capitalization of $18.75 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 2.71 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.25. The company had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. Check Point Software Technologies’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.80 earnings per share.

Hedge Funds Weigh In On Check Point Software Technologies

A number of hedge funds have recently modified their holdings of CHKP. Swedbank AB acquired a new stake in Check Point Software Technologies during the 1st quarter valued at $69,487,000. Boston Partners lifted its holdings in Check Point Software Technologies by 13.1% during the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after acquiring an additional 419,404 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Check Point Software Technologies by 10.5% in the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after purchasing an additional 391,983 shares during the period. Marshall Wace LLP acquired a new stake in shares of Check Point Software Technologies in the second quarter valued at about $47,244,000. Finally, Meitav Investment House Ltd. increased its position in shares of Check Point Software Technologies by 1,295.8% in the second quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company’s stock valued at $34,557,000 after acquiring an additional 194,595 shares during the last quarter. 87.62% of the stock is owned by institutional investors and hedge funds.

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.