Check Point Software Technologies (NASDAQ:CHKP) Rating Increased to Hold at Evercore ISI

Evercore ISI upgraded shares of Check Point Software Technologies (NASDAQ:CHKP) to a hold rating in a report published on Monday morning, Zacks.com reports.

A number of other brokerages have also weighed in on CHKP. Jefferies Financial Group lifted their price objective on shares of Check Point Software Technologies from $185.00 to $210.00 and gave the stock a buy rating in a research report on Thursday, July 25th. Wedbush increased their price objective on Check Point Software Technologies from $185.00 to $200.00 and gave the company an outperform rating in a report on Thursday, July 25th. Royal Bank of Canada raised their price target on Check Point Software Technologies from $165.00 to $187.00 and gave the stock a sector perform rating in a report on Thursday, July 25th. Truist Financial reiterated a buy rating and issued a $200.00 price objective (up from $175.00) on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Finally, Susquehanna boosted their target price on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a positive rating in a research report on Thursday, July 25th. Sixteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $183.68.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $191.09 on Monday. The firm’s 50-day moving average is $184.03 and its two-hundred day moving average is $167.49. Check Point Software Technologies has a 12 month low of $126.57 and a 12 month high of $195.29. The stock has a market capitalization of $21.58 billion, a P/E ratio of 26.54, a PEG ratio of 2.96 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping 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 business had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. During the same quarter in the prior year, the company earned $1.74 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, analysts anticipate that Check Point Software Technologies will post 7.83 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CHKP. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Check Point Software Technologies during the 2nd quarter worth about $30,000. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies during the 1st quarter valued at about $31,000. Richardson Financial Services Inc. bought a new position in shares of Check Point Software Technologies during the fourth quarter valued at approximately $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Check Point Software Technologies in the fourth quarter worth $92,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $107,000. 87.62% 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 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.