Check Point Software Technologies Ltd. (NASDAQ:CHKP) Short Interest Update

Check Point Software Technologies Ltd. (NASDAQ:CHKP) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 3,280,000 shares, an increase of 7.2% from the August 31st total of 3,060,000 shares. Based on an average daily volume of 634,900 shares, the short-interest ratio is presently 5.2 days. Currently, 3.8% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Check Point Software Technologies from $175.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Robert W. Baird lifted their target price on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. BMO Capital Markets lifted their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Wedbush lifted their target price on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Sixteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $184.47.

Check Point Software Technologies Trading Down 2.0 %

CHKP opened at $188.99 on Wednesday. Check Point Software Technologies has a 1-year low of $126.57 and a 1-year high of $196.56. The company has a market cap of $21.34 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 3.05 and a beta of 0.62. The company has a fifty day moving average price of $187.55 and a two-hundred day moving average price of $169.37.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The firm had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. During the same period in the previous year, the firm posted $1.74 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. On average, research analysts forecast that Check Point Software Technologies will post 7.83 EPS for the current fiscal year.

Institutional Investors Weigh In On Check Point Software Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Check Point Software Technologies during the second quarter worth about $30,000. Concord Wealth Partners bought a new stake in Check Point Software Technologies in the 1st quarter worth about $31,000. Richardson Financial Services Inc. bought a new stake in Check Point Software Technologies in the 4th quarter worth about $33,000. Transcendent Capital Group LLC bought a new stake in Check Point Software Technologies in the 1st quarter worth about $107,000. Finally, Alaska Permanent Fund Corp bought a new stake in Check Point Software Technologies in the 1st quarter worth about $117,000. 87.62% of the stock is owned by institutional investors.

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.