Check Point Software Technologies Ltd. (NASDAQ:CHKP) Receives Consensus Rating of “Hold” from Analysts

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have been assigned an average rating of “Hold” from the twenty-one research firms that are presently covering the company, Marketbeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $169.18.

CHKP has been the subject of several recent research reports. William Blair upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. Stifel Nicolaus dropped their target price on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a report on Friday, April 26th. BMO Capital Markets increased their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, February 7th. Mizuho reaffirmed a “neutral” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Finally, UBS Group increased their target price on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th.

Institutional Trading of Check Point Software Technologies

Institutional investors and hedge funds have recently made changes to their positions in the company. Brookstone Capital Management boosted its stake in shares of Check Point Software Technologies by 38.2% during the third quarter. Brookstone Capital Management now owns 6,072 shares of the technology company’s stock valued at $823,000 after purchasing an additional 1,678 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in 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 acquiring an additional 872 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Check Point Software Technologies by 38.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,421 shares of the technology company’s stock valued at $1,789,000 after acquiring an additional 3,745 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Check Point Software Technologies by 420.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 65,843 shares of the technology company’s stock worth $8,776,000 after acquiring an additional 53,192 shares in the last quarter. Finally, Concord Wealth Partners purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter worth $25,000. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Up 0.1 %

NASDAQ:CHKP opened at $154.93 on Friday. The business’s 50-day moving average is $160.24 and its 200 day moving average is $153.91. Check Point Software Technologies has a 12 month low of $118.21 and a 12 month high of $168.82. The company has a market capitalization of $18.71 billion, a P/E ratio of 21.52, a P/E/G ratio of 2.46 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.72. The firm had revenue of $598.80 million during 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 31.42%. On average, research analysts forecast that Check Point Software Technologies will post 7.79 earnings per share for the current year.

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.