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

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

CHKP has been the topic of a number of analyst reports. Barclays lifted their price target on Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Susquehanna lifted their target price on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research note on Thursday, July 25th. Robert W. Baird upped their price target on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft raised their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Wedbush boosted their price objective on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morningstar Investment Services LLC lifted its position in Check Point Software Technologies by 98.5% in the 4th quarter. Morningstar Investment Services LLC now owns 970,634 shares of the technology company’s stock valued at $148,080,000 after acquiring an additional 481,626 shares in the last quarter. Swedbank AB bought a new stake in shares of Check Point Software Technologies in the first quarter worth $69,487,000. Boston Partners boosted its position in Check Point Software Technologies by 13.1% in the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after purchasing an additional 419,404 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Check Point Software Technologies by 10.5% during the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after purchasing an additional 391,983 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at about $47,244,000. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Trading Down 1.3 %

NASDAQ:CHKP opened at $191.50 on Tuesday. The firm’s 50 day moving average is $188.19 and its 200 day moving average is $169.93. Check Point Software Technologies has a 12 month low of $126.57 and a 12 month high of $196.56. The stock has a market capitalization of $21.62 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 3.05 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last issued 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. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The company had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. During the same quarter in the previous year, the company earned $1.74 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts predict that Check Point Software Technologies will post 7.83 earnings per share for the current year.

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.