Check Point Software Technologies Ltd. (NASDAQ:CHKP) Given Average Rating of "Hold" by Analysts – MarketBeat

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Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) has earned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $139.06.
A number of equities analysts recently weighed in on the company. OTR Global cut Check Point Software Technologies from a “positive” rating to a “mixed” rating in a research note on Wednesday. Bank of America raised Check Point Software Technologies from an “underperform” rating to a “buy” rating and lifted their price target for the stock from $130.00 to $140.00 in a research note on Wednesday, July 20th. Barclays lowered their target price on Check Point Software Technologies from $145.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 2nd. BMO Capital Markets lowered their target price on Check Point Software Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 2nd. Finally, Piper Sandler lowered their target price on Check Point Software Technologies from $130.00 to $120.00 in a research note on Wednesday, July 13th.

Institutional Investors Weigh In On Check Point Software Technologies

Institutional investors have recently made changes to their positions in the company. Private Trust Co. NA lifted its holdings in Check Point Software Technologies by 3.1% in the 1st quarter. Private Trust Co. NA now owns 2,509 shares of the technology company’s stock worth $347,000 after purchasing an additional 76 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Check Point Software Technologies by 0.8% in the 1st quarter. CIBC Asset Management Inc now owns 11,318 shares of the technology company’s stock worth $1,565,000 after purchasing an additional 89 shares during the last quarter. Monarch Capital Management Inc. lifted its holdings in Check Point Software Technologies by 2.2% in the 2nd quarter. Monarch Capital Management Inc. now owns 4,136 shares of the technology company’s stock worth $504,000 after purchasing an additional 90 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Check Point Software Technologies by 0.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,896 shares of the technology company’s stock worth $3,027,000 after purchasing an additional 100 shares during the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in Check Point Software Technologies by 3.7% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 3,014 shares of the technology company’s stock worth $385,000 after purchasing an additional 108 shares during the last quarter. 67.03% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 0.2 %

NASDAQ:CHKP opened at $113.75 on Friday. The business’s 50-day moving average price is $119.00 and its 200 day moving average price is $125.31. The firm has a market cap of $14.27 billion, a P/E ratio of 18.83, a PEG ratio of 2.57 and a beta of 0.61. Check Point Software Technologies has a 52-week low of $107.85 and a 52-week high of $149.62.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last released its earnings results on Monday, August 1st. The technology company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. The firm had revenue of $571.10 million for the quarter, compared to analyst estimates of $560.40 million. Check Point Software Technologies had a return on equity of 25.49% and a net margin of 35.15%. Check Point Software Technologies’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.41 earnings per share. Sell-side analysts expect that Check Point Software Technologies will post 6.28 EPS for the current year.

Check Point Software Technologies Company Profile

(Get Rating)
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 security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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