Check Point Software Technologies (NASDAQ:CHKP) Given New $120.00 Price Target at Wells Fargo & Company

Check Point Software Technologies (NASDAQ:CHKP) had its price objective decreased by Wells Fargo & Company from $165.00 to $120.00 in a report published on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the technology company’s stock.

A number of other analysts have also commented on the company. Truist Financial set a $150.00 price objective on Check Point Software Technologies in a research note on Thursday. Mizuho decreased their price objective on Check Point Software Technologies from $205.00 to $165.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Robert W. Baird set a $220.00 price objective on Check Point Software Technologies in a research note on Friday, February 13th. Cantor Fitzgerald decreased their price objective on Check Point Software Technologies from $190.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. Finally, Weiss Ratings lowered Check Point Software Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Eight research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $154.96.

Check Point Software Technologies Price Performance

Shares of CHKP stock traded up $2.04 during mid-day trading on Friday, reaching $114.51. The stock had a trading volume of 3,186,877 shares, compared to its average volume of 1,474,229. Check Point Software Technologies has a 12-month low of $112.23 and a 12-month high of $233.78. The company has a market cap of $12.09 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 2.49 and a beta of 0.43. The business has a 50-day simple moving average of $146.93 and a 200 day simple moving average of $173.36. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.68.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, April 30th. The technology company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.08. The business had revenue of $668.40 million for the quarter, compared to analyst estimates of $672.55 million. Check Point Software Technologies had a return on equity of 38.40% and a net margin of 38.37%.The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.21 earnings per share. Check Point Software Technologies has set its FY 2026 guidance at 10.050-10.850 EPS and its Q2 2026 guidance at 2.400-2.500 EPS. On average, sell-side analysts anticipate that Check Point Software Technologies will post 8.58 earnings per share for the current year.

Institutional Trading of Check Point Software Technologies

A number of hedge funds have recently added to or reduced their stakes in CHKP. Norges Bank acquired a new stake in Check Point Software Technologies in the 4th quarter worth about $731,276,000. Massachusetts Financial Services Co. MA boosted its stake in Check Point Software Technologies by 28.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,937,229 shares of the technology company’s stock worth $1,472,832,000 after buying an additional 1,766,774 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Check Point Software Technologies by 26,561.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,233,899 shares of the technology company’s stock worth $228,962,000 after buying an additional 1,229,271 shares during the last quarter. DNB Asset Management AS boosted its stake in Check Point Software Technologies by 105.0% in the 4th quarter. DNB Asset Management AS now owns 1,820,339 shares of the technology company’s stock worth $337,782,000 after buying an additional 932,485 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Check Point Software Technologies by 31.4% in the 3rd quarter. First Trust Advisors LP now owns 2,497,275 shares of the technology company’s stock worth $516,711,000 after buying an additional 597,413 shares during the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies News Roundup

Here are the key news stories impacting Check Point Software Technologies this week:

• Positive Sentiment: Q1 earnings beat — CHKP reported $2.50 EPS vs. $2.42 consensus and strong margins, showing profitability strength despite softer top?line metrics. Q1 earnings transcript
• Positive Sentiment: Product/government win — Check Point’s Infinity platform achieved GovRAMP authorization, which can help expand federal/state contracts over time. GovRAMP announcement
• Neutral Sentiment: Mixed quarter — revenue ($668.4M) slightly missed Street estimates even as subscription growth remained healthy; billings also disappointed, which clouds durability of top?line momentum. Key metrics analysis
• Negative Sentiment: Weaker guidance — CHKP trimmed Q2 revenue and narrowed FY outlook (FY revenue range below consensus), a primary catalyst for the recent negative reaction as investors re?price growth expectations. Reuters: guidance and results
• Negative Sentiment: Law?firm investigations — multiple firms (Block & Leviton, Law Offices of Frank R. Cruz and others) have announced securities?fraud probes into Check Point’s disclosures, increasing legal/ reputational risk and adding selling pressure. Block & Leviton alert Frank R. Cruz notice
• Negative Sentiment: Analyst downgrades & price?target cuts — several firms trimmed targets (Wells Fargo, RBC, JPMorgan, Piper Sandler) or reduced ratings; while some remain constructive, the clustered cuts pressure the stock near term. Piper Sandler coverage
• Negative Sentiment: Options flow turned bearish — a notable increase in put purchases suggests traders hedging or speculating on further weakness. (Market data entry)

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).