Truist Financial Lowers Check Point Software Technologies (NASDAQ:CHKP) Price Target to $130.00 – MarketBeat

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Check Point Software Technologies (NASDAQ:CHKP – Get Rating) had its price objective lowered by stock analysts at Truist Financial from $145.00 to $130.00 in a research report issued on Monday, The Fly reports. Truist Financial’s price target would suggest a potential upside of 14.51% from the stock’s current price.
CHKP has been the topic of a number of other reports. BMO Capital Markets lowered their price objective on shares of Check Point Software Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 2nd. Sumitomo Mitsui Financial Group began coverage on shares of Check Point Software Technologies in a research report on Friday, October 7th. They issued a “neutral” rating and a $115.00 price objective on the stock. Piper Sandler lowered their price objective on shares of Check Point Software Technologies from $130.00 to $120.00 in a research report on Wednesday, July 13th. StockNews.com initiated coverage on Check Point Software Technologies in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, Robert W. Baird reissued a “neutral” rating and issued a $136.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 19th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $135.79.

Check Point Software Technologies Trading Up 1.1 %

Shares of CHKP opened at $113.53 on Monday. The firm has a market cap of $14.24 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 2.48 and a beta of 0.61. The company’s 50 day simple moving average is $117.14 and its 200-day simple moving average is $122.98. Check Point Software Technologies has a 12-month low of $107.54 and a 12-month high of $149.62.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last posted its quarterly earnings data on Monday, August 1st. The technology company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. Check Point Software Technologies had a net margin of 35.15% and a return on equity of 25.49%. The firm had revenue of $571.10 million for the quarter, compared to analyst estimates of $560.40 million. During the same period last year, the firm posted $1.41 EPS. Check Point Software Technologies’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Check Point Software Technologies will post 6.28 EPS for the current fiscal year.

Institutional Trading of Check Point Software Technologies

Institutional investors have recently modified their holdings of the company. Tcwp LLC purchased a new stake in shares of Check Point Software Technologies during the 1st quarter worth about $26,000. AdvisorNet Financial Inc grew its holdings in shares of Check Point Software Technologies by 107.0% during the 1st quarter. AdvisorNet Financial Inc now owns 236 shares of the technology company’s stock worth $33,000 after purchasing an additional 122 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the 2nd quarter worth about $33,000. MV Capital Management Inc. purchased a new stake in shares of Check Point Software Technologies during the 1st quarter worth about $45,000. Finally, West Bancorporation Inc. purchased a new stake in shares of Check Point Software Technologies during the 1st quarter worth about $66,000. Hedge funds and other institutional investors own 67.03% of the company’s stock.

Check Point Software Technologies Company Profile

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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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