Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been assigned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $124.15.

A number of research firms recently issued reports on CHKP. BidaskClub lowered Check Point Software Technologies from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 20th. ValuEngine downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. OTR Global lowered Check Point Software Technologies to a “positive” rating in a research note on Tuesday, July 16th. Evercore ISI set a $105.00 target price on Check Point Software Technologies and gave the stock a “hold” rating in a research report on Wednesday, July 24th. Finally, Cowen began coverage on Check Point Software Technologies in a research note on Thursday, May 23rd. They issued a “market perform” rating and a $120.00 target price on the stock.

Shares of CHKP traded up $0.61 during trading hours on Friday, hitting $111.89. The company’s stock had a trading volume of 37,223 shares, compared to its average volume of 805,763. The company has a market cap of $16.94 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.27 and a beta of 0.79. The business has a 50 day simple moving average of $109.47 and a two-hundred day simple moving average of $116.86. Check Point Software Technologies has a 52-week low of $98.57 and a 52-week high of $132.76.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.14. Check Point Software Technologies had a net margin of 40.99% and a return on equity of 22.05%. The company had revenue of $488.10 million for the quarter, compared to analyst estimates of $487.53 million. During the same quarter in the previous year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Check Point Software Technologies will post 5.49 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC boosted its position in Check Point Software Technologies by 63.8% during the 2nd quarter. CWM LLC now owns 42,322 shares of the technology company’s stock valued at $4,893,000 after acquiring an additional 16,481 shares in the last quarter. Carnick & Kubik Group LLC purchased a new stake in Check Point Software Technologies in the second quarter worth approximately $838,000. Sumitomo Mitsui Asset Management Company LTD grew its position in Check Point Software Technologies by 3.7% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,456 shares of the technology company’s stock worth $1,196,000 after purchasing an additional 340 shares during the period. M&T Bank Corp grew its position in Check Point Software Technologies by 10.1% in the 2nd quarter. M&T Bank Corp now owns 13,486 shares of the technology company’s stock worth $1,559,000 after purchasing an additional 1,241 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in Check Point Software Technologies by 1.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,479 shares of the technology company’s stock valued at $1,199,000 after buying an additional 115 shares during the last quarter. 70.84% of the stock is currently 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 portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

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