Check Point Software Technologies’ (CHKP) Buy Rating Reaffirmed at Truist Financial

Truist Financial reiterated their buy rating on shares of Check Point Software Technologies (NASDAQ:CHKP) in a research report report published on Thursday morning, Benzinga reports. They currently have a $200.00 target price on the technology company’s stock, up from their previous target price of $175.00.

Other analysts have also recently issued research reports about the stock. Mizuho reaffirmed a neutral rating and set a $160.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Wedbush boosted their target price on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the stock an outperform rating in a research note on Thursday. Needham & Company LLC reaffirmed a hold rating on shares of Check Point Software Technologies in a research note on Thursday. Stifel Nicolaus decreased their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and set a hold rating on the stock in a research note on Friday, April 26th. Finally, KeyCorp raised shares of Check Point Software Technologies to a hold rating in a research note on Tuesday, May 14th. Fifteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $183.68.

Check Point Software Technologies Stock Up 0.6 %

Check Point Software Technologies stock opened at $181.17 on Thursday. Check Point Software Technologies has a 12-month low of $125.68 and a 12-month high of $184.67. The business’s 50-day moving average price is $161.23 and its two-hundred day moving average price is $160.01. The stock has a market cap of $20.46 billion, a PE ratio of 25.16, a P/E/G ratio of 2.84 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The firm had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.70%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 earnings per share. As a group, analysts expect that Check Point Software Technologies will post 7.79 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. BSW Wealth Partners lifted its position in shares of Check Point Software Technologies by 3.7% during the 4th quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock valued at $330,000 after acquiring an additional 78 shares during the period. Guardian Wealth Management Inc. lifted its holdings in shares of Check Point Software Technologies by 0.5% in the 4th quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock worth $2,847,000 after purchasing an additional 85 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Check Point Software Technologies by 6.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company’s stock worth $211,000 after purchasing an additional 89 shares in the last quarter. Mather Group LLC. increased its stake in Check Point Software Technologies by 5.1% during the 2nd quarter. Mather Group LLC. now owns 2,056 shares of the technology company’s stock valued at $337,000 after purchasing an additional 99 shares in the last quarter. Finally, Butensky & Cohen Financial Security Inc. raised its holdings in Check Point Software Technologies by 0.4% during the first quarter. Butensky & Cohen Financial Security Inc. now owns 26,472 shares of the technology company’s stock worth $4,342,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

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.