Check Point Software Technologies Ltd. (NASDAQ:CHKP) Given Consensus Recommendation of “Hold” by Analysts

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) have earned an average recommendation of “Hold” from the twenty-five brokerages that are covering the firm, Marketbeat Ratings reports. Sixteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $184.47.

CHKP has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Scotiabank upped their price objective on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 25th. BMO Capital Markets upped their price objective 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. Barclays upped their price objective on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Finally, Jefferies Financial Group upped their price objective on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th.

Check Point Software Technologies Stock Down 0.1 %

NASDAQ CHKP opened at $192.81 on Tuesday. The company has a market cap of $21.77 billion, a PE ratio of 26.78, a price-to-earnings-growth ratio of 3.05 and a beta of 0.62. Check Point Software Technologies has a 52 week low of $126.57 and a 52 week high of $196.56. The firm’s 50-day simple moving average is $187.17 and its two-hundred day simple moving average is $169.20.

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

Institutional Trading of Check Point Software Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Centaurus Financial Inc. raised its holdings in Check Point Software Technologies by 83.2% in the second quarter. Centaurus Financial Inc. now owns 1,865 shares of the technology company’s stock worth $308,000 after buying an additional 847 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Check Point Software Technologies by 120.0% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 22,000 shares of the technology company’s stock valued at $3,630,000 after acquiring an additional 12,000 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Check Point Software Technologies during the 2nd quarter valued at $703,000. Cetera Investment Advisers increased its holdings in shares of Check Point Software Technologies by 6.6% in the 2nd quarter. Cetera Investment Advisers now owns 60,310 shares of the technology company’s stock worth $9,951,000 after purchasing an additional 3,759 shares in the last quarter. Finally, 3Chopt Investment Partners LLC raised its stake in shares of Check Point Software Technologies by 2.2% in the second quarter. 3Chopt Investment Partners LLC now owns 19,441 shares of the technology company’s stock worth $3,208,000 after purchasing an additional 422 shares during the last quarter. Hedge funds and other institutional investors 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.