Cantor Fitzgerald Initiates Coverage on Check Point Software Technologies (NASDAQ:CHKP)

Cantor Fitzgerald initiated coverage on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research report released on Thursday morning, Marketbeat reports. The brokerage issued a neutral rating and a $200.00 target price on the technology company’s stock.

CHKP has been the subject of a number of other reports. Jefferies Financial Group lifted their price objective on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Mizuho lifted their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Truist Financial lifted their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Robert W. Baird decreased their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average price target of $202.95.

Check Point Software Technologies Trading Down 0.6 %

Shares of Check Point Software Technologies stock opened at $182.00 on Thursday. The stock has a market capitalization of $20.02 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 3.21 and a beta of 0.63. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $210.70. The firm’s 50-day moving average price is $182.87 and its two-hundred day moving average price is $184.98.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate of $2.25. The firm had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.80 earnings per share. As a group, equities research analysts predict that Check Point Software Technologies will post 7.87 EPS for the current year.

Institutional Trading of Check Point Software Technologies

Several large investors have recently bought and sold shares of the business. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the third quarter valued at about $27,000. GAMMA Investing LLC lifted its stake in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after acquiring an additional 60 shares during the period. Kathleen S. Wright Associates Inc. bought a new stake in Check Point Software Technologies in the third quarter worth approximately $33,000. Concord Wealth Partners bought a new stake in Check Point Software Technologies in the third quarter worth approximately $37,000. Finally, Arrow Financial Corp increased its holdings in Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

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.