Check Point Software Technologies Ltd. (NASDAQ:CHKP) has been given an average recommendation of “Hold” by the twenty-five ratings firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $109.63.
Several research analysts recently commented on the stock. Barclays reiterated a “hold” rating and issued a $114.00 target price on shares of Check Point Software Technologies in a report on Tuesday, April 28th. Cowen dropped their target price on shares of Check Point Software Technologies from $115.00 to $100.00 and set a “market perform” rating on the stock in a report on Tuesday, April 21st. Zacks Investment Research downgraded shares of Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $111.00 target price on the stock. in a report on Monday, June 29th. Wells Fargo & Co lifted their target price on shares of Check Point Software Technologies from $105.00 to $110.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Finally, Evercore ISI assumed coverage on shares of Check Point Software Technologies in a report on Monday, May 4th. They issued an “inline” rating and a $116.00 target price on the stock.
Shares of CHKP stock traded up $2.25 on Friday, hitting $118.19. The company’s stock had a trading volume of 24,966 shares, compared to its average volume of 830,490. Check Point Software Technologies has a fifty-two week low of $80.06 and a fifty-two week high of $120.99. The firm’s fifty day moving average price is $108.08 and its 200-day moving average price is $107.27. The stock has a market capitalization of $16.86 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 2.79 and a beta of 0.62.
Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Monday, April 27th. The technology company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.04. Check Point Software Technologies had a net margin of 41.03% and a return on equity of 23.45%. The business had revenue of $486.50 million during the quarter, compared to analyst estimates of $480.78 million. During the same quarter in the previous year, the business earned $1.32 EPS. Check Point Software Technologies’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts predict that Check Point Software Technologies will post 5.66 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Carnegie Capital Asset Management LLC acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at about $201,000. Trinity Legacy Partners LLC acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at about $505,000. Diversified Trust Co boosted its position in shares of Check Point Software Technologies by 33.1% during the 2nd quarter. Diversified Trust Co now owns 10,283 shares of the technology company’s stock valued at $1,105,000 after acquiring an additional 2,557 shares in the last quarter. State Street Corp boosted its position in shares of Check Point Software Technologies by 12.1% during the 1st quarter. State Street Corp now owns 2,895,886 shares of the technology company’s stock valued at $291,152,000 after acquiring an additional 312,165 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Check Point Software Technologies by 2.0% during the first quarter. Royal Bank of Canada now owns 160,710 shares of the technology company’s stock worth $16,159,000 after buying an additional 3,211 shares during the last quarter. Institutional investors and hedge funds own 68.44% 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 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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