Cantor Fitzgerald Initiates Coverage of Check Point Software Technologies (CHKP) with Neutral Recommendation

Fintel reports that on January 9, 2025, Cantor Fitzgerald initiated coverage of Check Point Software Technologies (NasdaqGS:CHKP) with a Neutral recommendation.

Analyst Price Forecast Suggests 9.00% Upside

As of December 23, 2024, the average one-year price target for Check Point Software Technologies is $199.67/share. The forecasts range from a low of $111.10 to a high of $241.50. The average price target represents an increase of 9.00% from its latest reported closing price of $183.19 / share.

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The projected annual revenue for Check Point Software Technologies is 2,603MM, an increase of 3.10%. The projected annual non-GAAP EPS is 9.85.

What is the Fund Sentiment?

There are 1,140 funds or institutions reporting positions in Check Point Software Technologies. This is an increase of 40 owner(s) or 3.64% in the last quarter. Average portfolio weight of all funds dedicated to CHKP is 0.41%, an increase of 3.03%. Total shares owned by institutions increased in the last three months by 0.31% to 86,779K shares. The put/call ratio of CHKP is 0.34, indicating a bullish outlook.

What are Other Shareholders Doing?

Massachusetts Financial Services holds 5,318K shares representing 4.84% ownership of the company. In its prior filing, the firm reported owning 5,528K shares , representing a decrease of 3.94%. The firm increased its portfolio allocation in CHKP by 9.24% over the last quarter.

Acadian Asset Management holds 4,088K shares representing 3.72% ownership of the company. In its prior filing, the firm reported owning 4,109K shares , representing a decrease of 0.50%. The firm increased its portfolio allocation in CHKP by 17.29% over the last quarter.

Ninety One UK holds 3,605K shares representing 3.28% ownership of the company. In its prior filing, the firm reported owning 3,609K shares , representing a decrease of 0.10%. The firm increased its portfolio allocation in CHKP by 12.84% over the last quarter.

Boston Partners holds 3,575K shares representing 3.25% ownership of the company. In its prior filing, the firm reported owning 3,572K shares , representing an increase of 0.09%. The firm increased its portfolio allocation in CHKP by 11.12% over the last quarter.

Nordea Investment Management Ab holds 2,193K shares representing 1.99% ownership of the company. In its prior filing, the firm reported owning 2,261K shares , representing a decrease of 3.09%. The firm decreased its portfolio allocation in CHKP by 67.54% over the last quarter.

Check Point Software Technolgies Background Information
(This description is provided by the company.)

Check Point Software Technologies Ltd. is a leading provider of cyber security solutions to governments and corporate enterprises globally. Its solutions protect customers from 5th generation cyber-attacks with an industry leading catch rate of malware, ransomware and other types of attacks. Check Point offers multilevel security architecture, “Infinity” Total Protection with Gen V advanced threat prevention, which defends enterprises’ cloud, network and mobile device held information. Check Point provides the most comprehensive and intuitive one point of control security management system. Check Point protects over 100,000 organizations of all sizes.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.