Cantor Fitzgerald Has Negative View of CHKP FY2025 Earnings

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) - Cantor Fitzgerald dropped their FY2025 EPS estimates for shares of Check Point Software Technologies in a report released on Thursday, April 24th. Cantor Fitzgerald analyst J. Ruykhaver now forecasts that the technology company will earn $8.59 per share for the year, down from their previous forecast of $8.63. Cantor Fitzgerald currently has a "Neutral" rating and a $200.00 price objective on the stock. The consensus estimate for Check Point Software Technologies' current full-year earnings is $8.61 per share.

A number of other analysts have also weighed in on CHKP. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. BMO Capital Markets reissued an "outperform" rating and issued a $250.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday. Wells Fargo & Company reduced their target price on shares of Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research report on Thursday. Wedbush reaffirmed an "outperform" rating and set a $240.00 target price on shares of Check Point Software Technologies in a research report on Thursday. Finally, Truist Financial reaffirmed a "buy" rating and set a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Eighteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $232.04.

Check Point Software Technologies Trading Down 1.1 %

Shares of NASDAQ:CHKP opened at $206.55 on Monday. Check Point Software Technologies has a 12 month low of $145.75 and a 12 month high of $234.36. The company has a 50-day moving average price of $220.45 and a 200 day moving average price of $201.96. The company has a market cap of $22.72 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 3.41 and a beta of 0.62.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Mather Group LLC. grew its stake in shares of Check Point Software Technologies by 2.2% in the first quarter. Mather Group LLC. now owns 2,909 shares of the technology company's stock valued at $663,000 after buying an additional 62 shares in the last quarter. Koshinski Asset Management Inc. boosted its holdings in Check Point Software Technologies by 9.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 3,488 shares of the technology company's stock valued at $795,000 after acquiring an additional 312 shares during the period. Franklin Parlapiano Turner & Welch LLC grew its position in Check Point Software Technologies by 10.3% in the 1st quarter. Franklin Parlapiano Turner & Welch LLC now owns 33,633 shares of the technology company's stock valued at $7,666,000 after acquiring an additional 3,153 shares in the last quarter. Henry James International Management Inc. increased its stake in Check Point Software Technologies by 1.0% during the first quarter. Henry James International Management Inc. now owns 29,255 shares of the technology company's stock worth $6,668,000 after purchasing an additional 281 shares during the period. Finally, Shilanski & Associates Inc. acquired a new stake in shares of Check Point Software Technologies during the first quarter worth about $219,000. Hedge funds and other 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.

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