Check Point Software Technologies (NASDAQ:CHKP) Given “Outperform” Rating at Wedbush

Wedbush reaffirmed their outperform rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research report released on Friday, Benzinga reports. The firm currently has a $185.00 target price on the technology company’s stock.

A number of other brokerages also recently weighed in on CHKP. Barclays lifted their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the company an equal weight rating in a report on Friday. Stifel Nicolaus decreased their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and set a hold rating on the stock in a research report on Friday. William Blair upgraded Check Point Software Technologies from a market perform rating to an outperform rating in a research report on Wednesday, January 31st. TD Cowen raised their price objective on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the stock an outperform rating in a report on Monday, March 18th. Finally, Truist Financial lifted their price objective on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock a buy rating in a research note on Wednesday, February 7th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Check Point Software Technologies has an average rating of Hold and an average price target of $164.00.

Check Point Software Technologies Trading Down 1.1 %

CHKP opened at $151.20 on Friday. Check Point Software Technologies has a twelve month low of $117.18 and a twelve month high of $168.82. The business’s 50 day moving average is $161.41 and its 200-day moving average is $152.89. The stock has a market cap of $18.26 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.48 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.72. The firm had revenue of $598.80 million for the quarter, compared to analyst estimates of $595.28 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.30%. As a group, analysts forecast that Check Point Software Technologies will post 7.85 EPS for the current year.

Hedge Funds Weigh In On Check Point Software Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. AE Wealth Management LLC boosted its holdings in shares of Check Point Software Technologies by 17.8% in the 3rd quarter. AE Wealth Management LLC now owns 6,767 shares of the technology company’s stock valued at $902,000 after purchasing an additional 1,022 shares in the last quarter. Koshinski Asset Management Inc. grew its position in Check Point Software Technologies by 3.6% in the third quarter. Koshinski Asset Management Inc. now owns 2,559 shares of the technology company’s stock valued at $341,000 after acquiring an additional 89 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Check Point Software Technologies by 2.5% during the third quarter. Asset Management One Co. Ltd. now owns 88,905 shares of the technology company’s stock worth $11,849,000 after acquiring an additional 2,198 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Check Point Software Technologies by 38.2% in the third quarter. Brookstone Capital Management now owns 6,072 shares of the technology company’s stock worth $823,000 after acquiring an additional 1,678 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Check Point Software Technologies by 5.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 18,467 shares of the technology company’s stock valued at $2,461,000 after purchasing an additional 872 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Company Profile

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.