Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) has been given a consensus recommendation of "Hold" by the twenty-three analysts that are presently covering the company, MarketBeat Ratings reports. Fifteen investment analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $197.74.
Several research firms recently weighed in on CHKP. BMO Capital Markets increased their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the company a "market perform" rating in a report on Friday, October 25th. Barclays lowered their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an "equal weight" rating for the company in a report on Tuesday, October 29th. Evercore ISI lifted their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Bank of America lowered shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Finally, Mizuho boosted their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th.
Read Our Latest Stock Analysis on Check Point Software Technologies
Shares of CHKP opened at $187.77 on Friday. The stock has a market capitalization of $20.65 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. Check Point Software Technologies has a 1 year low of $144.66 and a 1 year high of $210.70. The business's 50 day simple moving average is $188.11 and its 200-day simple moving average is $180.69.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same quarter in the prior year, the firm earned $1.80 earnings per share. Check Point Software Technologies's revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts expect that Check Point Software Technologies will post 7.87 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DGS Capital Management LLC lifted its position in shares of Check Point Software Technologies by 0.7% in the 3rd quarter. DGS Capital Management LLC now owns 11,809 shares of the technology company's stock worth $2,277,000 after purchasing an additional 87 shares during the period. Franklin Resources Inc. lifted its holdings in Check Point Software Technologies by 7.0% during the third quarter. Franklin Resources Inc. now owns 166,641 shares of the technology company's stock worth $34,665,000 after buying an additional 10,861 shares during the period. Peapack Gladstone Financial Corp boosted its position in Check Point Software Technologies by 0.8% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 111,316 shares of the technology company's stock valued at $21,463,000 after acquiring an additional 872 shares in the last quarter. Tidal Investments LLC increased its holdings in shares of Check Point Software Technologies by 3.1% in the 3rd quarter. Tidal Investments LLC now owns 40,686 shares of the technology company's stock valued at $7,845,000 after acquiring an additional 1,224 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Check Point Software Technologies in the 3rd quarter worth $187,000. 98.51% of the stock is currently owned by institutional investors.
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.
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